Pentagon contracts fell 29 percent in May from a year earlier, the fifth drop in the past six months, in part driven by automatic U.S. budget cuts.
Pentagon contracts dropped 48 percent in February, extending a slump that has awards near the lowest level in almost two years.
U.S. government agencies have canceled dozens of conferences and pared down other events following a scandal over a General Services Administration bash in Las Vegas.
The U.S. government shutdown has created a bottleneck in contracting that may hurt companies long after federal offices open and the debt-ceiling dispute is resolved.
The U.S. government shutdown may hurt contractors long after Congress and President Barack Obama find a way to open federal offices and resolve the debt ceiling dispute.
Poet T.S. Eliot called April the cruelest month. Defense contractors would pick January.
President Barack Obama’s health agency said it has spent $319 million building an online health- insurance marketplace through October.
The race to construct an online insurance exchange by Oct. 1 spurred the Obama administration to use an expedited bidding system that limited its choice of a builder to just four companies, including CGI Group Inc.
U.S. investigators have uncovered evidence the federal contractor that did a background check on Edward Snowden falsified its work dating to 2008, according to two people familiar with the situation.
Anthony J. Domico, a former contractor hired to check the backgrounds of U.S. government workers, filed a 2006 report with the results of an investigation.
"Over the last 10 years, a lot of people did very well."
- Larry Allen on Jun 10, 2014