With the defense budget enhanced and set for fiscal 2019, contractors should “enjoy the moment,” Pentagon Comptroller David Norquist told an industry audience on Monday.
In processing the newly augmented $700 billion spend that Congress delivered before the start of the fiscal year, many on his finance staff had no recollection, he said, of a time decades ago when the military wasn’t always coping with the uncertainty of multiple continuing resolutions and government shutdown threats.
“We’re in a very different place now,” he told 300 attendees at the Professional Services Council’s 54th annual Vision Federal Market Forecast conference, held in in Fairfax, Va. “Under a continuing resolution, we often had to wait until spring to do some things—now we can finalize them now or do them on schedule.”
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