Stay ahead in the dynamic world of government contracting with our roundup of the top five must-know updates from this week.
1. Pentagon Reaches Settlement With Veterans Dismissed Over Sexuality
The Pentagon has reached a historic legal settlement with more than 35,000 LGBTQ+ veterans who were dismissed due to their sexual orientation under the “don’t ask, don’t tell” policy. This agreement will help these veterans seek honorable discharges and restore their benefits, marking a significant step towards rectifying past injustices. Learn more
2. US Military Allocates $30 Billion for Cybersecurity in 2025
The US military has earmarked approximately $30 billion for cybersecurity efforts in fiscal year 2025. This funding, part of the National Defense Authorization Act (NDAA), will be used to enhance the security of digital military systems, protect mobile devices from foreign spyware, and establish an AI security center, among other initiatives. Learn more
3. Pentagon Blacklists Tencent and Largest Chinese EV Battery Maker
The Pentagon has added several Chinese firms, including tech giant Tencent and the largest EV battery maker, Contemporary Amperex Technology Co. Ltd. (CATL), to its blacklist. This move prohibits these companies from working with the Pentagon and the defense industry due to their alleged ties with China’s military. Learn more
4. Idaho Antimony Mine Finally Receives Final Permit
The U.S. Forest Service has issued the final permit for the Stibnite Mine in Idaho, operated by Perpetua Resources. This mine is expected to supply a significant portion of America’s antimony needs, a critical mineral for batteries and other green energy applications. The mine will also produce gold, enhancing its revenue stream. Learn more
5. DOD Office of Strategic Capital Issues FY25 Investment Strategy
The Department of Defense’s Office of Strategic Capital has released its fiscal year 2025 investment strategy. This strategy outlines how the office will prioritize investments through credit-based financial products, focusing on critical technology areas to enhance national security. Learn more
Stay tuned for next week’s edition of “Top 5 Things to Know in GovCon this Week” for more insights and updates from RSM on the ever-changing government contracting industry!
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