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Budget

Acquisition Report Finds Defense Contracting Growth Rebounding After Sequestration

Monday, April 15th, 2019

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Acquisition Report Finds Defense Contracting Growth Rebounding After Sequestration

A new report from the Center for Strategic and International Studies (CSIS) found an increase in defense contracting following years of a defense drawdown and sequestration limitations. The report, “Defense Acquisition Trends, 2018: Defense Contract Spending Bounces Back,” said the growth in defense contract obligations outpaced growth in Defense Department Total Obligation Authority (TOA) over the past two years. The report said TOA increased from $582.9 billion to $609.3 billion between FY 2015 and 2017, a 5 percent increase. Meanwhile,…

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