Tag Archives: contract obligations

Report: DoD Contract Obligations Up 10% in Fiscal 2020

Fiscal Strategy

The Department of Defense (DoD) obligated $445.5 billion on contract awards during fiscal year 2020, a nearly 10 percent increase from the year-ago period's contracting obligations of $404.5 billion, driven primarily by events related to the global security landscape and coronavirus pandemic. It was also noted that Lockheed secured the highest amount of contracting dollars at $72.3 billion.

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