Pandemic response drives DOD's sharp uptick in OTA spending -- Defense Systems
By Lauren C. Williams Feb 03, 2021 The Defense Department issued an unprecedented $16 billion in other transaction agreements in 2020, half of which was dedicated to its response to the coronavirus pandemic, according to the Defense Pricing and Contracting Agency annual report. DOD's use of OTA's more than doubled from $7.4 billion in 2019 to $16.3 billion in 2020 -- $7.7 billion related to COVID-19, according to the report released Jan. 28. Other transaction agreements are a relatively new authority that allows for faster acquisitions and are typically used to attract startups and non-trad...
Source: defensesystems.com