By Lauren C. Williams
Feb 03, 2021
The Defense Department issued an unprecedented $16 billion in other transaction agreements in 2020, half of which was dedicated to its response to the coronavirus pandemic, according to the Defense Pricing and Contracting Agency annual report.
DOD s use of OTA s more than doubled from $7.4 billion in 2019 to $16.3 billion in 2020 $7.7 billion related to COVID-19, according to the report released Jan. 28.
Other transaction agreements are a relatively new authority that allows for faster acquisitions and are typically used to attract startups and non-traditional companies to do business with DOD. Just six years ago, in 2015, DPC issued $620 million in other transaction agreements.