The Deltek | Clarity Government Contracting Industry Study for 2020 was recently released. This study addresses the trends and conditions transforming the government contracting market. This is the 11th annual study from Deltek and it continues to prove insightful for government defense contractors.
According to Deltek, “The results of the 11th Annual Study remain positive, with high expectations of continued growth and profitability in 2020.” While defense-oriented businesses will feel some effects of the pandemic and the full effects are yet to be seen, this industry is less sensitive to recession.
Some of the challenges the industry is facing include the attracting and retaining talent and increasing regulation around compliance. The survey discusses these challenges as well as:
- What A&E firms are doing to maintain their competitive edge;
- Key statistics to benchmark your firm against; and
- How leading firms are futureproofing their business.
Our Government Contracting Services group was formed to help defense contractors with regulatory and compliance requirements, incurred cost submissions and DCAA Audits. Contact Brandon Smith or Michelle Jenkins at 256-533-1040 for information or to schedule a time to discuss your government contracting accounting and advisory needs.