BGOV: Fiscal 2019 Federal Unclassified IT Spending Reached $69B

Jeff Brody

The total value of unclassified information technology contracts awarded by the federal government during its 2019 fiscal year increased by 6 percent to $69B and nearly $40B of the obligated funds came from the Department of Defense, Bloomberg Government reported Wednesday.

DoD obligated $35.9B on IT products and services in FY2019, a 5.3 percent increase over the prior year period, while civilian agencies’ spent $33.2B, up 7 percent from the previous year.

The Pentagon increased the amount of procurements via tech-focused other transaction agreements by 80 percent to $7.3B, compared with the $4.1B the department spent through OTAs in FY 2018, the report noted.

The departments of Health and Human Services, Homeland Security and Veterans Affairs were the top IT spenders in the civilian sector at $15.1B.

According to the report, artificial intelligence and cloud computing programs helped spur double-digit spending growth in both the defense and civilian sectors.

BGOV analysts found that governmentwide IT spending rose 5.8 percent annually over the past five years.

You may also be interested in...

Naval Strike Missile

State Dept Clears $300M Sale of Raytheon Technologies-Made Naval Missiles to Romania

The State Department approved Romania's request to buy anti-ship missile systems manufactured by Raytheon Technologies (NYSE: RTX) through a potential $300M foreign military sale transaction with the U.S. government. The company's missiles and defense business would deliver two units of the Naval Strike Missile Coastal Defense System and complementary equipment to Romania's government under the potential deal, the Defense Security Cooperation Agency said Friday.

August Jackson Senior Director Deltek

ArchIntel’s AI in Competitive Intelligence Virtual Event to Discuss Maintaining Competitive Advantage

Artificial intelligence (AI), machine learning (ML) and big data have transformed how businesses conduct competitive intelligence (CI) and how our stakeholders use the developed analyses. Additionally, the federal government has integrated emerging technologies to remain competitive across the defense landscape. To register for ArchIntel’s AI in Competitive Intelligence Virtual Event, as well as view upcoming opportunities, visit ArchIntel’s Event Page.