A Bloomberg Government report says the federal government’s total contract spending reached $682 billion in fiscal year 2020 , a 14 percent increase from FY 2019 spending of $599 billion.
BGOV said Thursday FY 2020 marks the fifth consecutive year of increase in contract spending and federal agencies primarily used $1.6 trillion in enacted FY 2020 discretionary budget to fund government contracts.
The BGOV200 report showed that the top 200 government contractors accounted for 65 percent of the total contract obligations in FY 2020 and 98 contractors improved their rankings.
According to the report, the top 10 federal contractors based on FY 2020 data for prime, unclassified government contracts are Lockheed Martin (NYSE: LMT), Raytheon Technologies (NYSE: RTX), General Dynamics (NYSE: GD), Boeing (NYSE: BA), Northrop Grumman (NYSE: NOC), Analytic Services, McKesson (NYSE: MCK), Leidos (NYSE: LDOS), TriWest Healthcare Alliance and Huntington Ingalls Industries (NYSE: HII).
BGOV predicts federal contract obligations to reach $600 billion to $695 billion in FY 2021 and forecasts facilities and construction, professional services and information technology markets to witness continued growth this fiscal year.
Heneghan will work with teams at System One's acquired companies: Gap Solutions, KeyLogic and Quadel.
BAE Systems and Austal USA have secured Navy contracts worth up to a combined $105.3 million for littoral combat ship…
Schiltz led eight companies as CEO and helped grow Conga's run rate from $15 million to $400 million ahead of…
AeroVironment's new award includes an initial $315 million commitment for product deliveries and support.
Broadcom policy director Sunjeet Randhawa and technical director Vikram Thakur said government partnerships aid cyber resilience.
Proposals are due Dec. 3, with ordering running from June 2028 through May 2036.
Shield is financing the Echodyne acquisition through a $1 billion Series H round, a Blackstone investment and debt financing.
The appointments follow a $100 million Series D and precede a planned Washington office opening.
GAO found that Anniston Army Depot lost 616 government employees while Red River lost 169 from 2021 to 2025.
Deloitte Consulting has won a potential $488.2 million FAA contract to modernize legacy applications under the ATLAS initiative.
NASA has selected eight companies for the potential 10-year, $10 billion CLPS 2 contract to deliver payloads to the lunar…
Prime awardees must team with small businesses from all four primary set-aside categories.
You’ve already read all related articles.
VIDEO 
