BGOV: Agencies Awarded $26.2B in IT Obligations to Small Businesses in FY 20

BGOV: Agencies Awarded $26.2B in IT Obligations to Small Businesses in FY 20
information technology

Government agencies have increased information technology contract obligations to small businesses from $23.8 billion in fiscal year 2019 to $26.2 billion in FY 2020, Bloomberg Government reported Monday.

If trends continue, agencies could obligate $28.3 billion in IT work to small businesses in FY 2021, BGOV noted.

Small businesses have received $3.1 billion in government IT funds to date, the report states.

According to BGOV, the departments of Defense, Health and Human Services, Veterans Affairs, Homeland Security and the Treasury led the spending for small business IT contracts in FY 20.

BGOV data shows that the largest amount of obligations to small businesses in FY 20 was made through NASA’s Solutions for Enterprise-Wide Procurement V government-wide acquisition contract.

Agencies also “relied heavily” on small business contractors for digital transformation, cybersecurity and digital services in FY 20 and spent $530 million for AI contracts to small businesses, BGOV noted. The figure represents an increase from $327 million in FY 19.

Small businesses also received $14.8 billion for government  IT outsourcing services in FY 20.

You may also be interested in...

Anitian

Anitian, Microsoft Partnership Adds Compliance Automation Tech to Azure

Anitian and Microsoft have lenabled the former's automation tool to help customers deploy workloads into the Azure cloud environment and speed up cloud migration processes.

Machine learning framework

DARPA Taps University of Massachusetts, Amherst for Machine Learning Framework Development

A University of Massachusetts, Amherst laboratory has received a contract fom the Defense Advanced Research Projects Agency to design a framework for machine learning in support of the Ditto - Intelligent Auto-Generation and Composition of Surrogate Models project.

William Irby COO Martin UAV

William Irby Named Martin UAV COO, Sean Olds Appointed CFO

William Irby, a nearly three-decade aerospace and defense industry veteran, has joined unmanned aircraft system manufacturing company Martin UAV as chief operating officer.