Secretary of Defense William S. Cohen announced today that
in fiscal year 1996, small business firms received 23.7 percent
of the Department of Defense's prime contract awards to U. S.
companies. This performance is the highest small business
percentage attainment in the last 30 years and equates to $25.3
billion out of $107 billion in total contracts awarded. Small
business concerns also received $19.8 billion, or 41.8 percent in
subcontracts awarded by DoD major prime contractors.
Secretary Cohen also said that DoD continued to increase its
awards to small disadvantaged business firms, realizing record
highs in both prime contract and subcontract awards to these
entities in dollar and percentage terms. During FY 96, DoD
awarded $6.9 billion, or 6.5 percent of its prime contract
dollars to small disadvantaged businesses. In addition, DoD
major prime contractors awarded $2.8 billion or 5.9 percent in
subcontracts to these concerns.
The Secretary further noted that women-owned small
businesses received $2.0 billion (1.9 percent) in prime contract
awards and $1.6 billion (3.3 percent) in subcontract awards
during last fiscal year. This accomplishment represents a
combined increase in awards to women-owned small business
concerns of more than $300 million and sets a record percentage
for women-owned small business performance for DoD.