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You are here: Home / Government Contracting News / Fiscal 2019 could be ‘high-water mark’ of defense spending

November 1, 2018 By AMK

Fiscal 2019 could be ‘high-water mark’ of defense spending

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.”

Keep reading this article at: https://www.govexec.com/defense/2018/10/fiscal-2019-could-be-high-water-mark-defense-spending/152390

Filed Under: Government Contracting News Tagged With: budget, continuing resolution, DoD, government shutdown, procurement forecast, spending

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