EY Wins $149M Contract to Audit Navy Financial Statements

Professional services firm EY has won a potential $149.4 million contract from the Defense Finance and Accounting Service to help the U.S. Navy audit the service branch’s financial statements.

DFAS received two quotes for the labor-hour contract with five base months and four option years, the Defense Department said Tuesday.

The obligated amount of $10.2 million at the time of award is from the Navy’s fiscal 2017 operations and maintenance funds.

EY will perform contract work in Alexandria, Virginia, through Dec. 31, 2017.

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