Hello, Guest!
  • Wednesday, April 17, 2024

Report: Civilian Agency Spending Reached $228B in FY 2020

Contract spending across civilian government agencies increased to $228B during fiscal year 2020, Bloomberg Government reported Tuesday.

BGOV data shows the amount represents a 17 percent rise from approximately $194B in FY 2019.

The Department of Health and Human Services accounted for the largest amount in contract obligations at $41.2B, which covered spending for COVID-19 pandemic response efforts including vaccine development and ventilator supply. Merck & Co. (NYSE: MRK) serves as the top contractor of HHS with $1.9B in FY 2020 contract obligations for vaccine production efforts.

In addition to HHS, the departments of Veterans Affairs and Energy also accounted for the largest spending across civilian agencies. DOE and VA’s fiscal 2020 figures represent an increase of 25 and 15 percent from FY 2019, according to the report.

The VA’s largest increase for a single contract was on TriWest Healthcare Alliance‘s Patient Centered Community Care contract. Obligations on this contract reached $5.6B in FY 2020, up from $3B in the previous fiscal year.

DOE’s biggest contract spending is attributed to Sandia National Laboratories operations, which a Honeywell (NYSE: HON) subsidiary currently oversees.

Video of the Day

Related Articles

Bernhard Capital’s DOE Services Platform Buys Nuclear Security Consulting Firm SMSI; Chris Dillon Quoted M&A Activity

Bernhard Capital’s DOE Services Platform Buys Nuclear Security Consulting Firm SMSI; Chris Dillon Quoted

The Department of Energy services platform of private equity management firm Bernhard Capital Partners has acquired federal technical consulting services provider Strategic Management Solutions for an undisclosed sum. Albuquerque, New Mexico-based SMSI has more than 400 employees and has been providing program management and project support services to DOE, National Nuclear Security Administration, national laboratories

DOE Awards 14 Spots on $900M 5th Energy Information Administration Support Contract Vehicle Contract Awards

DOE Awards 14 Spots on $900M 5th Energy Information Administration Support Contract Vehicle

The Department of Energy has awarded 14 companies positions on a potential 10-year, $900 million follow-on contract to support the development, management, maintenance and operation of energy data collection programs and systems. The fifth iteration of the Energy Information Administration Omnibus Procurement vehicle also covers the development, maintenance and operation of domestic and international energy

Parsons, SeaTech Global Awarded Positions on $1B NNSA Counter Nuclear Smuggling System Deployment Contract Contract Awards

Parsons, SeaTech Global Awarded Positions on $1B NNSA Counter Nuclear Smuggling System Deployment Contract

The Department of Energy’s National Nuclear Security Administration has awarded Parsons (NYSE: PSN) and SeaTech Global Security Solutions positions on a potential seven-year, $1 billion contract to support the deployment of counter nuclear smuggling systems. The vendors will perform design, construction, integration, communications, logistics, training and equipment procurement, among other tasks, to help field counter