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Federal Contract Awards Reach $11 Billion in 2Q FY05.

Publication: PR Newswire
Publication Date: 26-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Awards Declined 40 Percent From Previous Quarter, But Remain on Pace With Last Year

RESTON, Va., May 26 /PRNewswire/ -- Federal government agencies awarded $11 billion in IT-related prime contracts during the second quarter of fiscal year 2005 (2Q FY05), a decrease of 40 percent from the previous quarter according to a report released today by INPUT, the quantifiable leader in government market intelligence. The federal government has awarded a combined $30 billion in contracts for the first two quarters of FY05, putting contract awards on pace with the same time period last year. INPUT anticipates contract awards to nearly double next...

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