2019 MILCON Contracting Summit
October 17, 2019
Congress has passed, and the President signed, a 2-year federal budget, including $738 billion for defense in 2020 and $740 billion for defense in 2021. Resulting in billions of dollars for new military construction contracts.
Two weeks ago, the U.S. Supreme Court voted in favor of using $2.5 billion in Defense Department money for construction of the border wall. Those funds, along with $3.6 billion from military construction funds and $600 million from the Treasury Department’s asset forfeiture fund, means $6.7 billion in contracts for U.S. southern border wall construction.
Last month, Congress passed, and the President signed, a bill providing more than $19 billion in relief and reconstruction monies, including $3 billion for the reconstruction of Tyndall AFB, Offutt AFB, Camp Lejeune, and other military installations throughout the U.S. This will be a multi-year effort, resulting in a variety of new contracts for industry.
The new funding also provides another $3.3 billion for the U.S. Army Corps of Engineers to conduct repairs and speed the construction of flood- and hurricane-protection projects.
And Naval Air Weapons Station China Lake suffered significant damage from two earthquakes this month. Teams are assessing damage to 1,200 facilities on base.
You are invited to attend the 2019 MILCON Contracting Summit, scheduled for October 17, 2019 in Washington, DC (immediately following the 2019 AUSA Annual Meeting & Exposition).
Get the latest information on new contracts which will be awarded in all areas of military construction, especially for the reconstruction of military bases damaged by recent hurricanes, flooding, and earthquakes. And new contracts for military housing and military lodging, which has become a crisis for the military services. New monies are also being appropriated for military facility upgrades across the board, as a recent Pentagon report rated the condition of 23 percent of its infrastructure as “poor” and 9 percent as “failing.” And billions have been set aside for U.S. southern border construction projects over a 5-year period ending in 2024.
Register as a sponsor, exhibitor, or attendee today. Space is filling up rapidly for this very timely national military contracting event!