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ACQUISITION & CONTRACTING, Defense, FEATURED ARTICLES, Industry News, Media Outlet

Defense contracting rebounded in 2016, but R&D spending continues to suffer

A new analysis of government data shows that 2016 may have been the low ebb of Defense contract spending, following six years of steady declines. Contracts for military hardware made a robust comeback last year, and to a lesser extent, so did those for services. But spending on research and development continued to suffer following years of large, disproportionate declines.

Source: Defense contracting rebounded in 2016, but R&D spending continues to suffer – FederalNewsRadio.com

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