The Pew Research Center’s recent study reveals a significant shift in the U.S. workforce, with approximately one-fifth of Americans aged 65 and older employed in 2023, double the figure from 35 years ago. Moreover, their earnings have risen substantially. The older workforce’s composition has evolved, reflecting a surge in education levels, longer working hours, and increased access to employer-provided benefits, distinguishing them from previous generations. Notably, older workers contributed to 7% of all U.S. wages and salaries in 2023, triple the share in 1987, showcasing their growing impact on the labor force. The study also emphasizes that older workers, more satisfied with their jobs than their younger counterparts, play a crucial role in the evolving workforce landscape.
Contract Opportunities to Watch: Palantir
Palantir Technologies has officially prolonged its critical collaboration with the U.S. Army’s Program Executive Office for Enterprise Information Systems (PEO EIS) through a one-year contract extension valued at $115.04 million. The initiative focuses on advancing the Army Vantage data-driven operations and decision-making platform, integral to the U.S. Army’s strategic use of data. Palantir, under this contract, will persist in delivering its open data and analytics platform, contributing to the Army Data Platform’s evolution. The partnership underscores Palantir’s commitment to empowering military decision-makers with innovative, secure, and actionable insights, supporting various aspects of Army operations, including readiness, training, logistics, and talent management.
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Cleared Opportunities
Diversified Technical Services Inc. (DTSI), an Air Force contractor, has undergone a revival as it joins San Antonio tech company Irys in an acquisition deal. Irys, previously CityFlag, focuses on communication solutions between residents and local governments. This acquisition, part of a trend described as a “silver wave,” sees startups acquiring aging businesses to inject new life into them. The move allows Irys to enter the government and Department of Defense contracting arena, offering opportunities for small defense contractors to connect with tech companies aiming to establish a foothold in government contracts.
