From: Bloomberg
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Obama budget seeks 1.3 percent increase in technology spending
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Lockheed Martin, CSC among those who’ve shed some IT divisions
The end of a federal government technology boom may push more U.S. contractors like Northrop Grumman Corp. to spin off units focused on certain IT work and refocus on areas like cybersecurity where agencies are boosting spending.
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“The pressure on the IT budget is forcing companies to look elsewhere in the federal budget for growth,” said Nick Taborek, a federal spending analyst at Bloomberg Intelligence. “We’ve seen a number of deals where contractors are clearly getting out of the IT business to focus on areas where the government is expanding.”
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