Want Daily SOF News Articles and Job Listings Delivered to Your Inbox?
New data shows the soaring cost of government contracts | Federal Times

New data shows the soaring cost of government contracts | Federal Times

Pentagon spending on federal contracts soared in fiscal year 2018, accounting for about $373 billion of $559 billion in overall contracting spend from federal agencies, according to Bloomberg Government’s 8th annual top 200 contractors report.

The spending by the Pentagon is a $40.5 billion increase from the previous fiscal year and over $90 billion rise since FY2015. Total government spending increased 9 percent from the previous fiscal year, from $512 billion in FY2017.

The $559 billion in FY2018 spending is the most since FY2010, when the government spent $562 billion.

The BGOV Top 200 ranks vendors by value of prime, unclassified contracts awarded by 24 different federal agencies. This is distinct from the approach taken for the Top 100 list of the largest defense companies published by Defense News, which ranks by defense revenue.

Source: New data shows the soaring cost of government contracts | Federal Times

%d bloggers like this: