Home / Acquisition & Procurement / GAO: DoD’s Contract Awards to Minority-, Women-Owned Businesses Hit $230B in FY 2010-2016

GAO: DoD’s Contract Awards to Minority-, Women-Owned Businesses Hit $230B in FY 2010-2016

The Government Accountability Office has found that the Defense Department awarded approximately 444,500 contracts valued at more than $230 billion to women- and minority-owned businesses between fiscal years 2010 and 2016.

GAO said in a report published Monday fixed-price contracts for goods and services represented at least 80 percent, or approximately $184 billion, of the total obligated funds over the six-year period.

The study showed that DoD’s spending on contracts awarded to such businesses dropped by 12 percent from FY 2010 to FY 2016.

The Pentagon awarded approximately $14 billion in technical and professional engineering contracts and over $3 billion worth of software contracts to minority- and women-owned companies during the period, according to the report.

GAO used data from the Federal Procurement Data System-Next Generation platform to examine the department’s acquisition trends in compliance with a provision of the fiscal 2017 National Defense Authorization Act.

Check Also

SEC to Address Financial Technology Concerns, Innovations via New Hub

The Securities and Exchange Commission has opened a hub where it can coordinate with public and private sector entities to address concerns and initiate developments in financial technology.
 

Leave a Reply

Your email address will not be published. Required fields are marked *