Pentagon to terminate $5.1 billion in IT contracts with Accenture, Deloitte, others

In a significant move, US Defense Secretary Pete Hegseth cancelled IT service contracts worth $5.1 billion. Companies like Accenture and Deloitte are affected. The decision aims to cut wasteful spending. Hegseth believes Pentagon employees can han...

TIL Creatives
U.S. Defense Secretary Pete Hegseth has ordered the termination of IT services contracts, totally valued at $5.1 billion, with companies such as Accenture and Deloitte, a memo showed on Thursday.

The pacts "represent non-essential spending on third party consultants" for services Pentagon employees can peform, Hegseth said in the April 10 memo released by the Pentagon.

"These terminations represent $5.1 billion in wasteful spending ... and nearly $4 billion in estimated savings," Hegseth added.

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Global Trends › Pentagon to terminate $5.1 billion in IT contracts with Accenture, Deloitte, others
Text Size:AAA
Success
This article has been saved

*

+