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DoD hands out $7.54 billion in year-end contract bonanza
Defense News: 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.
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