Navy Strategic Outlook for 2023-2024

The Navy’s acquisition environment continues to adapt to address the department’s multiple modernization and realignment efforts to meet evolving challenges and objectives. Take advantage of this free report looking at the Department of the Navy’s contracting trends and business prospects for the FY 2025 fiscal year and beyond.



What's Inside:

This free report takes a look at the Department of Navy's contracting trends, including:

• Budget outlook
• Top issues and priorities
• Preferred contract vehicles and top contractors
• Opportunity highlights and potential project leads

“GovWin provides us the ability to have detailed information, context and contacts for programs of record along with insightful articles.” John Tabler, Senior Account Executive, U.S. Navy and NATO, Cohesity

Sample Key Takeaways from the Report:

Discretionary Budgets
The FY 2025 budget supports robust growth, building on FY 2024. However, continued debate around individual priorities will create uncertainties and delays, extending some timelines.


Contracting Performance
Navy spending on contracted support as a percentage of total budget continues to rise, signalizing a sustained reliance on industry support to meet its priorities.

IT Modernization
IT budgets are increasing, with a focus on cloud adoption, cybersecurity integration and enhancing joint operations through afloat/ashore network interoperability, big data and AI capabilities.

.05% The Navy was able to reach all of their small business contracting goals in FY 2023, with the exception of SDB which missed the mark by .05%. This is a huge improvement from FY 2022 when they did not meet any of their targets.

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