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Consulting to Governments/U.S. Federal and State Consulting Contracts, Business and Industry Trends Analysis

Historically, U.S. governments at local, state and federal levels have provided lucrative major consulting contracts.  Government at all levels has large needs for consulting in IT, security, human resources and other areas.  For example, the latest Washington Technology (www.washingtontechnology.com) list of Top 100 Federal Prime Contractors, based on the value of contracts granted during the U.S. federal government’s 2022 fiscal year ranks Leidos, Inc.  ($9.6 billion) first, Lockheed Martin Corp. ($8.0 billion) second, followed by Northrop Grumman ($7.2 billion) third and Raytheon Technologies ($6.6 billion) fourth.  While the scope of consulting opportunities with the federal government is obviously immense, budget constraints can clearly reduce the size of consulting funds available from time to time.
Such contracts are generally for consulting and services in information technology (including cybersecurity), defense (including anti-terrorism), telecommunications, professional services and engineering.  Note that the largest awards each year go to firms that are predominantly defense or aerospace contractors.  In any event, future U.S. government and military budgets will be subject to extreme debate and negotiation in Congress.
 


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