Contractor Deals, Venture Funding Reshape Tech Procurement

July 25, 2022, 10:30 AM UTC

Win more business by starting the week with procurement trends, federal opportunities, budget priorities, and policy moves.

Consistently high government IT services spending has led to a wave of mergers and acquisitions as contractors and investors see potential for more federal revenue.

The federal government is prepared to shovel billions of dollars into tech services programs such as the State Department’s Evolve IT services procurement and mega-projects like the Pentagon’s Joint All-Domain Command and Control, or JADC2, initiative—despite the heartburn it’s giving contractors.

Government spending on IT contracts over the last decade has grown nearly 30%—from $55.4 billion ...

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