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.
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.
The acquisition will combine Precise Systems’ engineering, software development and interactive training capabilities with Ternion’s modeling and simulation tech Ternion…
Navy has five open solicitations covering shipyard, hypersonics, propulsion, training and fabrication The contracts range from small business research funding…
SAIC will provide systems engineering, technical integration and mission support for ground-based intelligence programs The recompete award pushes SAIC’s Intel…
