Prime vendors decreased 36% since fiscal 2011
Joint Chiefs warn Pentagon supply chain is weak March 8, 2021 6:02 AM By Travis J. Tritten and Paul Murphy
The number of companies winning Pentagon prime contracts has plummeted over the past decade, underlying growing concerns over the health of the defense industrial base.
Prime vendors fell by 36% since fiscal 2011 even as defense spending climbed 18% over the same time, a new Bloomberg Government analysis shows. That means an ever-smaller pool of contractors won bigger pieces of a growing defense budget.
The figures illustrate a decline in the size of the militaryâs vast industrial base, which comprises more than 300,000 companies spread across every state. The shrinking number of prime contractors inking deals with the military, as well as a contraction in the vast network of subcontractors that supply them parts and services, has set off alarm bells among the highest echelons of the Pentagon and on Capitol Hil
Raytheon considers $1 billion sale of repair unit
thegazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegazette.com Daily Mail and Mail on Sunday newspapers.
Heinzl s mailbag: What return on capital means for REITs, unwavering enthusiasm for Fortis, and more
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.