A Govini report has shown that contract obligations by half of 24 federal agencies increased during fiscal year 2015 despite a two-percent decline in overall agency spending.
“Spending may have decreased relative to the last two years, but we see signs of a rebound, or spending stabilization, as agency funding solidified,” Eric Gillespie, Govini founder and CEO, said Friday.
Govini’s latest Federal Scorecard report also indicated agencies depend heavily on professional services to carry out their missions, with the combined amount of contract awards for the two top vendor services amounted to $32 billion in FY 2015.
Lockheed Martin captured the largest share of government contracting dollars from the U.S. Navy, Army, Air Force, Transportation Department, Social Security Administration and Defense Department-run research laboratories, according to the report.
Govini noted the Navy was the only military organization that increased its contract obligations over the past fiscal year, through a recapitalization of the service branch’s F-35 and Virginia-class submarine programs.