The Defense Finance and Accounting Service awarded Ernst & Young two labor-hour contracts totaling up to $869.4 million to audit financial statements for the Navy, Marine Corps, and Air Force. Both solicitations were formally competitive but received only one quote each, with the awards announced on October 8, 2026. The Navy contract, valued at up to $455.4 million, covers audits for fiscal years 2027 through 2031, while the Air Force contract, valued at up to $414 million, succeeds a similar 2022 agreement. The two contracts obligate about $155.3 million at the start, with the remainder dependent on annual option exercises.
Read the full story at govconfeed.com.
Photo: cloudhoreca / Pixabay
