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COVID-19

Navy Pushing Out Contracts 32 Percent Faster

Thursday, April 16th, 2020

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Navy Pushing Out Contracts 32 Percent Faster

James Geurts, Performing the Duties of Under Secretary of the Navy. Formerly he served as Assistant Secretary of the Navy for Research, Development and Acquisition (ASN-RDA from December 2017-January 20, 2020. (Photo: U.S. Navy)

The Navy’s top acquisition official on Thursday said as of last week the Navy pushed out contracts 32 percent faster than last year as it works to mitigate effects from the COVID-19 pandemic. “When I looked at the numbers…as of last Friday we had put on contract $88.52 billion this fiscal year. That is in comparison to the same time last year where we had put $66.3 billion on, so about a 32% acceleration,” Assistant Secretary of the Navy for…

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