IoT
News
News
2/21/2003
01:17 PM
50%
50%
RELATED EVENTS
Risk Data as a Strategy
Apr 06, 2016
There is a renewed focus on risk data aggregation and reporting (RDAR) solutions, as financial ins ...Read More>>

Federal IT Contracts Reached $60B In Fiscal 2002

Among the larger projects funded was a modernization venture for the Coast Guard.

The federal government awarded more than $60 billion in IT-related contracts last year, according to an analysis by the government IT market-intelligence firm Input.

Five departments accounted for $44 billion in awards in calendar year 2002, Input says. The Transportation Department awarded the most: $24 billion. The contracts for one project alone, a Coast Guard modernization venture called the Deepwater program, was valued at $17 billion over 30 years. Integrated Coast Guard Systems, a joint venture by Lockheed Martin Corp. and Northrop Grumman Corp., picked that one up.

The Coast Guard, now part of the Transportation Department, is becoming part of the new Homeland Security Department. No other agency came close in the amount of contracts awarded by Transportation. The Commerce Department awarded IT outsourcing services contracts valued at $5.7 billion, driven largely by the a $4.5 billion, 12-year contract to TRW (now owned by Northrop Grumman) for the National Polar Orbiting Operational Environmental Satellite System. The Army awarded $5.2 million in IT contracts. The Department of Defense and the Office of Defense Secretary awarded $4.9 million; and the Navy, $4.4 million, according to Input.

Looking at the outlays by the kind of projects being funded, the government spent more than $24.3 billion for IT outsourcing last year, including applications operations, desktop services, and data-center operations. Outsourcing, in fact, was the biggest single category. A close second: professional services, at $20.8 billion. A distant third was network and telecom services, at $9.5 billion.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
2016 InformationWeek Elite 100
Our 28th annual ranking of the leading US users of business technology.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of April 24, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week!
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.