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If you think the Navy spends most of its procurement budget on ships, think again

May 13, 2016 By Andrew Smith

Navy logoYou might assume the Navy spends most of its weapons budget on its fleet of aircraft carriers, submarines, destroyers and other ships. But you would be wrong. The sea service spends most of its budget on aircraft—by a substantial margin.

An analysis by Govini, a data analytics company, shows that Navy spending on fixed-wing aircraft rose to $11.4 billion in 2015, with spending on combat ships and landing vessels coming in at $8.8 billion during the same period. Govini has formed a data sharing partnership with Government Executive Media Group; earlier this month Govini and GEMG released the 2016 Federal Scorecard, an annual ranking of government contractors based on more than 6,000 data points.

The Navy, which is the top-spending federal agency, has been spending more on aircraft than ships in recent years, but the gap grew significantly in 2015. Company analysts estimate the pattern will continue through 2018.

Keep reading this article at: http://www.govexec.com/defense/2016/04/if-you-think-navy-spends-most-its-procurement-budget-ships-think-again/127848

Filed Under: Contracting News Tagged With: budget, contracting opportunities, Navy

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