That represents a 22.4 percent increase over 2009 and the highest level since 2000.
Since 1997, the U.S. has aimed to award 23 percent of all federal contracts to small businesses.
A federal marketplace mergers and acquisitions specialist told Loten that he has seen the number of deals for smaller government vendors double in the past year.
Rob Doolittle, a spokesman for General Dynamics (NYSE: GD), said that smaller vendors are attractive as they provide buyers with access to new federal customers and spots on federal contract vehicles.
Larger firms can then leverage those relationships to enhance their chances to win future awards, according to Robert Burton, a partner at Venable LLP and a former deputy administrator of the Office of Federal Procurement Policy.
ManTech International Corp. (NASDAQ: MANT) announced today that it will acquire information technology solutions provider Worldwide Information Network Systems, which has a position on the $6.6 billion Defense Intelligence Agency SITE contract, for $90 million cash.