DOD contract awards increased 71% in March

04/7/2013 | Washington Post, The

The value of contracts from the Pentagon rose 71% in March compared with a month earlier, hitting $39.4 billion, but industry experts warn that the jump doesn't signal a return to big spending. Instead, the Defense Department is delaying many contracts and seeking to revise others, said Stan Soloway, CEO of the contractors lobbying group Professional Services Council.

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