Pentagon contracts awarded in April were worth 52 percent less than those awarded in March as the sequester’s across-the-board federal spending cuts began to bite, The Washington Post reported Monday.
Nick Taborek writes the U.S. Defense Department awarded $39.4 billion in March contracts and $19 billion in April. That April number is 22 percent lower than the April figure from 2012, according to the report.
Larry Allen, president of Allen Federal Business Partners, said in an e-mail to the paper that the slowdown in defense contracts was sharper than mandated by sequestration.
He added that military customers probably held off spending to preserve resources for organizational priorities later in the year and that the possibility of civilian furloughs within DoD may also be affecting contracting activities.
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