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Dan Snyder: 2016 a good year big federal contractors
Bloomberg Government's annual "top" 200 federal contractors report shows big contractors did especially well. And mergers and acquisitions were at record level...
Despite ongoing talk of tightening federal spending and uncertain budgets, 2016 was not a bad year for federal contractors – especially the big ones. A new analysis by Bloomberg Government has determined federal contract spending was up 8 percent for the year, and looking good for this year. Dan Snyder, the deputy director of government contracts research at Bloomberg Government told Federal Drive with Tom Temin 63 percent of those obligations in 2016 went to the 200 biggest contractors –a group Bloomberg dubs the “BGOV200.”
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