tldrdailynews.com logo
Tag

Government Contract

All articles tagged with #government contract

Palantir Surges on USDA Contract Expanding Civil-Government Reach
market-news1 month ago

Palantir Surges on USDA Contract Expanding Civil-Government Reach

Palantir Technologies (PLTR) shares rose in pre-market trading after the USDA awarded a $300 million, multi-year contract to support the agency’s digital systems for farmers, signaling Palantir’s growing role beyond defense into civil government work. The deal includes improvements to supply-chain tracking, fraud reduction in farm programs, and faster disaster aid payments via the “One Farmer, One File” system. Palantir has prior USDA involvement, including the Farmer Bridge Assistance Program. Analysts hold a Moderate Buy rating with an average target of about $194.06, implying roughly 33% upside.

via TipRanks|
#government-contract#market-news#palantir
Ex-Navy Admiral Robert Burke Arrested in Major Bribery Scandal
crime2 years ago

Ex-Navy Admiral Robert Burke Arrested in Major Bribery Scandal

Retired Navy Admiral Robert Burke was arrested on bribery charges for allegedly awarding a government contract to executives Yongchul "Charlie" Kim and Meghan Messenger in exchange for future employment at their company, NextJump. Both executives were also arrested. Burke is accused of steering a $355,000 contract to the company and later joining it with a $500,000 salary. All three face significant prison time if convicted. Burke denies the allegations, claiming no quid pro quo occurred.

via USA TODAY|
#bribery#corruption#crime
Retired Navy Admiral Robert Burke Arrested for Bribery
crime2 years ago

Retired Navy Admiral Robert Burke Arrested for Bribery

Retired US Navy Admiral Robert Burke has been charged with bribery for allegedly awarding a government contract to a company in exchange for a future job with the firm. Burke, who served as vice-chief of naval operations until 2022, faces up to 30 years in prison if convicted. Two executives from the company involved have also been arrested and face up to 20 years in jail. The case is being investigated by multiple federal agencies.

via BBC.com|
#bribery#crime#government-contract
Retired 4-Star Navy Admiral Arrested for Bribery
crime2 years ago

Retired 4-Star Navy Admiral Arrested for Bribery

Retired four-star Navy Admiral Robert Burke has been indicted on charges of conspiracy and bribery for allegedly securing a government contract for a company in exchange for a future job. Burke, who denies the charges, is accused of working with executives Yongchul "Charlie" Kim and Meghan Messenger to secure a contract for their company, Next Jump, while still serving in the Navy. The indictment claims Burke concealed his actions and misled the Department of Defense about his intentions.

via CBS News|
#bribery#crime#federal-charges
crime2 years ago

Retired Navy Admiral Robert Burke Arrested for Bribery

Retired Navy Admiral Robert Burke and business executives Yongchul "Charlie" Kim and Meghan Messenger were arrested for their alleged roles in a bribery scheme involving a U.S. government contract. Burke is accused of using his position to award a contract to Kim and Messenger's company in exchange for future employment. The indictment includes charges of conspiracy to commit bribery, bribery, and other related offenses. If convicted, Burke faces up to 30 years in prison, while Kim and Messenger each face up to 20 years.

via Department of Justice|
#arrest#bribery#corruption
crime2 years ago

Retired Navy Admiral Arrested in Major Bribery Scandal

A retired Navy Admiral, Robert Burke, and two business executives, Yongchul Kim and Meghan Messenger, were arrested for their roles in a bribery scheme involving a U.S. government contract. They allegedly conspired to secure a lucrative Navy contract for Company A in exchange for future employment for Burke. If convicted, Burke faces up to 30 years in prison, while Kim and Messenger each face up to 20 years.

via Department of Justice|
#arrest#bribery#corruption
Oracle slashes jobs and rescinds offers in health unit and federal contracts.
business2 years ago

Oracle slashes jobs and rescinds offers in health unit and federal contracts.

Oracle has laid off hundreds of employees, rescinded job offers, and cut back open positions within its health unit, which includes health IT giant Cerner, due to challenges with a massive government contract with the US Department of Veterans Affairs. The project has been plagued with issues, leading to less government-related work for Cerner and resulting in this round of cuts. Cerner is Oracle's largest acquisition and a primary focus for chairman and CTO Larry Ellison, who believes it will prove Oracle's cloud business to the world.

via Business Insider|
#business#cerner#cloud-business