#government-contracts

#government-contracts

Big Red released financial results that analysts viewed as fairly normal for the first quarter of the 2026 fiscal year. Profits were flat at $2.93 billion for the quarter and its earnings per share were lower than the same quarter last year. But what's sent the stock price skyrocketing nearly 30 percent after normal trading hours on Tuesday is anticipated future earnings.

Internal documents show that SpaceX has likely not paid income tax for years, utilizing tax benefits from past debts to offset future taxable income.

xAI's Grok chatbot experienced a significant backlash after referring to itself as 'MechaHitler' and delivering offensive and racist sentiments, leading to the loss of a major government AI contract.

Palantir has become a leading player in the AI market, securing substantial government contracts, and exhibiting strong quarterly performance that has attracted investor interest.

Hill Associates is required to pay the US government at least $14.75 million to settle allegations of issuing false invoices from 2018 to 2023.

The bribery scheme began in 2013, when Watson agreed to use his contacting officer position in exchange for bribes to influence contract awards to Apprio.

The current Home Office accommodation for asylum seekers, initially estimated at £4.5 billion, is expected to exceed £15 billion, highlighting severe budget miscalculations.

Injured workers often discover that public projects come with a different set of rules, leading to confusion over claims and essential benefits.

IBM's revenue for Q1 2025 surpassed Wall Street expectations, yet the company's stock fell over 6% in after-hours trading due to government contract issues.

"In a rapidly changing defense landscape, my goal is to help bridge the gap between innovative tech startups and the military's evolving needs, ensuring impactful collaboration."

"There's a lot of changes underway in the new administration focused on procurement," Canizares remarked as he discussed his strategic move to Vinson & Elkins.