Defense Contracting: DOD Contracts with Companies Having Employee Stock Ownership Plans
Abstract
The Department of Defense (DOD) is the largest contracting agency in the federal government and contracts with thousands of companies annually, including companies that have employee stock ownership plans (ESOP). ESOPs are employee benefit plans designed to invest primarily in shares of the sponsoring company, but ESOPs can also invest in other assets, such as the stock of other companies or government securities. You requested that we analyze DOD's contracting with companies that have ESOPs. This report identifies what federal procurement data show regarding DOD contracting with companies that had ESOPs during calendar years 2014 through 2017, which is the latest year for which complete data were available. The report focuses on areas such as obligation amounts and contractor performance.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 18, 2020
- Accession Number
- AD1149522
Entities
People
- William T. Woods
Organizations
- United States Government Accountability Office