Why the Oldest Contracts Carry Half the Money
The 1,195 DoD contracts coming off period of performance between February 2027 and August 2028 hold $432.34B. The 128 that have been running eight years or more hold half of it, and only 32 of those are services.
In October 1999, the Army put an industrial operations agreement on contract with what is now BAE Systems Ordnance Systems. Two offers, full and open, PSC Y151.
Its current period of performance ends March 31, 2027.
That agreement, DAAA0998E0006, has $2.32B obligated against it and has been running 27.4 years. It is one of 1,195 DoD prime contracts above $50M whose performance period ends between February 2027 and August 2028, and we pulled the period-of-performance start date on every one of them tonight.
The median came back at 4.08 years. The dollars did not (chart below).
The count and the money live in different buckets
Most of the file is young. Contracts running two to six years are 66.5% of the rows and 32.9% of the $432.34B.
Then it inverts. The 128 contracts that have been on performance eight years or longer are 10.7% of the rows and $216.84B, which is 50.2% of the obligated dollars in the window.
Their start dates run from November 1996 to April 2020, and 104 of the 128 began performance in 2018 or earlier. The other half of the money is spread across 1,067 rows.
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