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Business/Financial

DoD Report Finds Little Reliance On Foreign Sources of Supply

DDN

Friday, December 21st, 2007

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The Pentagon continues to award the overwhelming preponderance of its prime contracts, both in percentage and dollar terms, to domestic contractors, according to the latest report on the subject by the Defense Department's industrial policy office. In FY '06 DoD awarded $76.6 billion, or 97.6 percent, in contracts to firms based in the United States, states the report, Foreign Sources of Supply: FY 2006 Report. Foreign suppliers received $1.9 billion, or 2.4 percent, of prime contracts from DoD that year,…

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