GAO recently released a snapshot of 2018 fiscal year federal spending. Although it is a very high-level review, it provides some interesting information for government contractors. Among the highlights are the fact that federal discretionary spending has increased year over year and competitive contracts are becoming less common among defense agencies. GAO also identified four key high-risk acquisition areas that it is monitoring.
It’s dry stuff, but never fear, we read it for you. Here’s a quick summary of the findings.
This year marks the 50th anniversary of the Moon Landing; a feat accomplished through a massive federal government contract program. A half century later, the federal government continues to pour significant resources into space infrastructure, particularly through the Department of Defense.
A recent GAO report provided a glimpse into the size and composition of the Department of Defense space contracting workforce. While GAO notes more precise data is needed, it is clear that space acquisitions continue to be supported by a robust workforce.