At DoD, It’s Use-It-Or-Lose-It Season

Lots of contracts going out the Pentagon's door as the end of the fiscal year approaches.

Lots of contracts going out the Pentagon’s door as the end of the fiscal year approaches.

As fiscal 2014 heads toward its close next week, the total potential value of contracts announced each day by the Pentagon is mounting.

As tracked by @DoDContractsBot, the past two weeks — 10 business days — have seen seven days in which the total potential value of announced contracts topped $1 billion. Go back one more day, to Sept. 12, and you get an $8.2 billion day buoyed by an $5 billion indefinite-delivery/indefinite-quantity contract from the Army for “global intelligence support services acquisition.”

That’s a lot more 10-figure totals than normal. Since @DoDContractsBot started toting up contracts in March, roughly 1 in 5 days have topped $1 billion.

(The biggest single day of the year? April 28. That day’s announcements include eight contracts worth up to $17,863,668,929, thanks to a $17.7b purchase of 10 attack submarines from Electric Boat.)

Today’s total is among the highest of the past six months: $3,341,143,891. It also tops the list for sheer quantity of contracts: 71.

bradp@defensenews.com

Bradley Peniston

bradp@defensenews.com at bradp@defensenews.com
bradp@defensenews.com

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