Markets to Watch: Other Transaction Agreements (OTAs)
The Department of Defense has dramatically expanded its use of Other Transaction Authority (OTA) to acquire cutting-edge technologies. OTA spending is up from $2.4 billion in FY 2017 to $17.8 billion in FY 2020 so an increase of over 600%. Why? Because OTAs allow the Pentagon to access innovative technologies quickly and efficiently from organizations that don’t typically contract with the DoD.
Join Bloomberg Government expert analysts Robert Levinson and Chris Cornillie for an insightful webinar on how contracting organizations can tap into this market – they’ll cover:
- Projected spending trends and opportunities for OTA contracts
- Uses and applications of Other Transactions within the consortium framework
- How both traditional and nontraditional contractors can compete and win
- How the government can benefit from working with OTA consortia