The Contracting Education Academy

Contracting Academy Logo
  • Home
  • Training & Education
  • Services
  • Contact Us
You are here: Home / Government Contracting News / DoD’s FY16 budget could lead to increased contracting activity

February 2, 2015 By AMK

DoD’s FY16 budget could lead to increased contracting activity

The Department of Defense (DoD) will be asking for a budget of $585 billion for fiscal year 2016, according to a draft Pentagon comptroller document obtained by Politico.  This amount represents $38 billion more than the budget which DoD has been operating under as a result of sequestration.

In order for DoD’s budget amount to be approved, Congress will need to agree to suspend or discontinue sequestration.  DoD’s five-year budget plans call for ramping up base defense spending to $570 billion in 2020.

According to the draft budget documents, DoD will request $209.8 billion in funding for operations and maintenance, an increase of $14.5 billion from this fiscal year.  The proposal would also increase procurement spending by $14.1 billion to $107.7 billion, and research and development funding by $6.3 billion to $69.8 billion.

Among the projects included in the Pentagon’s draft FY16 budget are:

  • Three new Littoral Combat Ships (LCS),
  • LCS capabilities improvements,
  • Two Virginia-class attack submarines,
  • Refueling of the USS George Washington aircraft carrier,
  • The Ohio-class replacement nuclear submarine program,
  • The KC-46A tanker program,
  • A new long-range bomber,
  • The MQ-9 Reaper procurement, and
  • 57 F-35 fighter jets.

 

Filed Under: Government Contracting News Tagged With: budget, Budget Control Act, contract planning, DoD, sequestration, spending

Popular Topics

abuse acquisition reform acquisition strategy acquisition training acquisition workforce Air Force Army AT&L bid protest budget budget cuts competition cybersecurity DAU DFARS DHS DoD DOJ FAR fraud GAO Georgia Tech GSA GSA Schedule GSA Schedules IG industrial base information technology innovation IT Justice Dept. Navy NDAA OFPP OMB OTA Pentagon procurement reform protest SBA sequestration small business spending technology VA
Contracting Academy Logo
75 Fifth Street, NW, Suite 300
Atlanta, GA 30308
info@ContractingAcademy.gatech.edu
Phone: 404-894-6109
Fax: 404-410-6885

RSS Twitter

Search this Website

Copyright © 2023 · Georgia Tech - Enterprise Innovation Institute