DoD hands out $7.54 billion in year-end contract bonanza

October 2, 2018

Defense News:

WASHINGTON – The Pentagon handed out a whopping $7.54 billion in contracts the evening of Sept. 28, the last working day of the fiscal year. The contract dump, as sure a sign that fall has come as birds flying south and pumpkin spice lattes, is an annual event, with the various defense offices spending the last of their coffers and award long-term contracts for the next year.

This year’s bonanza involved 114 different contract announcements, with values ranging from $1,05 billion to $7.12 million.

The Army awarded 41 contracts with a total worth of $2.44 billion, the Navy 39 contracts for $1.85 billion, the Air Force 17 contracts for $1.76 billion, the Defense Logistics Agency 11 contracts at $1.36 billion, and U.S. Transportation Command two contracts for $31.1 million.

DARPA, the Defense Microelectronics Activity, the Washington Headquarters Activity and the Missile Defense Agency each had one contract, which combined for $87.1 million.

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