The U.S. Army Space and Missile Defense Command/Army Forces Strategic Command organization gave small businesses approximately 39.3 percent or $300 million out of $762.5 million in contract funds over fiscal year 2016.
The U.S. Army said Friday USASMDC/ARSTRAT exceeded its Small Business Program goal to award 36 percent of contract funds to small companies.
The command awarded 7.3 percent of contract dollars to small disadvantaged businesses; 0.3 percent to historically underutilized business zone small businesses; 4.1 percent to woman-owned small businesses; and 7.6 percent to service-disabled veteran-owned small businesses.
Christine Ryan, assistant director of USASMDC/ARSTRAT’s office of small business programs, said small business prime contractors received more than one-third of SMDC contract funds in FY 2016.
Ryan added the command will continue to support small businesses in FY 2017 for efforts to help create jobs and grow the defense industrial base.