Rise in Construction Contracts Boost Pentagon’s Strategic Goals

The Defense Department’s construction-related procurement has nearly doubled since the beginning of fiscal 2015 and surpassed $40 billion for the full fiscal year of 2023, according to Bloomberg Government data.

The House Military Construction-Veterans Affairs appropriations bill, which would provide $18 billion for Defense Department construction projects in fiscal 2025, is scheduled for a floor vote today.

Read more: BGOV Bill Summary: H.R. 8580, Fiscal 2025 MilCon-VA Funding

For contracts in construction-related markets performed within the US, the Pentagon has obligated $240.4 billion dollars from fiscal 2015 through the first quarter of fiscal 2024. Procurement spending in states and ...