BUSINESS

2014 federal contracts likely worth $160 billion

Decrease Increase Text size

The top 20 government contracts awarded during Fiscal Year 2014 will be worth upwards of $160 billion over their lifetime, according to a Federal Times analysis.

The request for proposals for these contracts will likely be made available in January. They represent a 74 percent increase in value over last year's contracts, according to the results of a Deltek study.

Federal Times says that spending by the Defense Department currently accounts for 73 percent of the top 20 contracts, half of those going to the Army.

READ MORE at federaltimes.com.

Recommended For You