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Govt Awarded $115B In 2012 No-Bid Contracts

signingThe number of no-bid contracts awarded by federal agencies jumped nearly 9 percent between fiscal years 2009 and 2012 as total contract spending decreased 5 percent, the Washington Post reports.

Citing government data, Danielle Ivory writes agencies awarded $115.2 billion in no-bid contracts during fiscal 2012 compared to $105.8 billion awarded in fiscal 2009.

No-bid contracts represented 23 percent of the total contract dollars awarded in fiscal 2012, 3 percent more than the awards in fiscal 2009, according to the Post.

The Post also found contracts awarded to small businesses decreased nearly 4 percent during President Barack Obama’s first term.

During fiscal 2012, Lockheed Martin won $17.4 billion in no-bid awards, followed by Boeing at $17.1 billion and Raytheon at nearly $7.04 billion, the Post reports.

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