OVERSEAS INTEL

Professional Overseas Contractors - www.Your-POC.com
Defense Department officials have submitted two funding-related requests to Congress, Pentagon Press Secretary George Little said here today.

Officials are seeking $79.4 billion in overseas contingency operations funding for fiscal year 2014 and are asking Congress to allow Pentagon officials to reprogram $9.6 billion in fiscal 2013 funding, Little said. The reprogramming actions “are not meant to offset the effects of sequestration,” he added.

The $9.6 billion request looks to fix large shortfalls in overseas contingency operations funding and larger than expected fuel bills, Little explained in a meeting with reporters.

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Professional Overseas Contractors - www.Your-POC.com
Keith Johnson, 46, and his wife, Angela Johnson, 44, of Maryville, Tenn., pleaded guilty today to their roles in a $9.7 million procurement fraud scheme. The Johnsons were indicted by a federal grand jury on conspiracy to commit wire fraud and wire fraud charges. Keith Johnson faces a maximum penalty of 20 years in prison, and Angela Johnson faces a maximum penalty of five years in prison when they are sentenced on Feb. 14, 2014.

In a statement of facts filed with the plea agreement, Keith Johnson admitted to serving as the program manager for a Department of Defense contractor that operated a central maintenance facility (CMF) in Kabul, Afghanistan, and other facilities in that country to maintain and repair vehicles used by the Afghan National Army. In his position during 2007 to 2008, Keith Johnson was involved in purchasing vehicle parts from vendors.

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Professional Overseas Contractors - www.Your-POC.com
While total revenues for the Defense News Top 100 are up +3%, defense-related revenues are down -3%. This is the second year of declining defense-related revenues. This revenue paradox for defense contractors is emblematic of a trend toward diversification toward commercial markets.

In 2013, Waltham-based defense giant Raytheon Co. secured 1,713 contracts valued at $3.3 billion; American Science and Engineering Inc. received 1,067 valued at $500M. But defense contractors in Massachusetts, the region and across the nation are bracing for budget reductions in the United States and elsewhere which will affect profits this fiscal year.

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