Bloomberg Government Releases 10th Annual Analysis of Top Federal Government Contractors
WASHINGTON, June 10, 2021 /PRNewswire/ -- Bloomberg Government today issued the tenth annual edition of its BGOV200 report, ranking the top 200 federal contractors based on fiscal year 2020 data for unclassified, prime contracts awarded across all U.S. federal government agencies. Bloomberg Government's analysis finds that fiscal 2020 marks the fifth straight year of increased government contract spending, with contracting dollars increasing by $83 billion compared with fiscal 2019. To download a copy of the BGOV200, visit http://onb-gov.com/KPDd50F6tJW.
The BGOV200 is one of BGOV's many human and data-driven decision tools, news, and predictive analytics.
The 10th annual BGOV200 report is the culmination of extensive data management for areas such as company hierarchy, contract title, and agency assignments. Data integrity makes this the premier source for government contract practitioners trying to make sense of shifts in the competitive landscape. The data is accessible anytime to BGOV subscribers.
Among the report's key findings:
"Bloomberg Government is proud to release our BGOV200 for the tenth year, making it easier for government contractors to understand the competitive landscape and identify partners," said Kevin Brancato, Bloomberg Government's head of product. "This report is one of the Bloomberg Government's many human and data-driven decision tools, news, and predictive analytics that help government contractors build bigger pipelines, make smarter business development investments, and win more federal contracts."
Bloomberg Government forecasts fiscal 2021 will be another year of exceptionally high federal contract spending, with obligations that could range from $600 billion to $695 billion. Top markets likely to see continued growth in fiscal 2021 based on the BGOV forecast are: facilities and construction ($119 billion), professional services ($94 billion), and information technology ($80 billion).
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SOURCE Bloomberg Government