Statistics for Qualifying Defense Contracts in Fiscal Year 2022-2023

Annual qualifying defence contract statistics: 2022/23

Introduction to Defence Contract Statistics

In recent years, the volume and complexity of defence contracts have evolved significantly. The Defence Industry relies on a multitude of factors like geopolitics, national security priorities, budget allocations, domestic industrial capacity, and technological advancements. This report provides an extensive analysis of annual qualifying defence contract statistics for the fiscal year 2022/23, encompassing relevant trends and key insights.

The objective of this study is to improve understanding of the defence contracting landscape in 2022/23 by examining the number of contracts awarded, their values, procurement categories, primary sectors served, and geographic distribution. These figures are expected to serve as a valuable resource for government officials, industry professionals, and analysts aiming to track progress in national defence investment strategies and policies.

To maintain consistency and comparability throughout the evaluations, this report adheres to a standard set of definitions and methodologies. Qualifying defence contracts consist of agreements signed between governments and private entities that pertain to the research, development, production, maintenance, or disposal of military equipment, infrastructure, or services.

One notable trend from our findings is the increased investment in cybersecurity and digital technologies. Contract awards in those areas rose by 15% compared to the previous year due to growing concerns over cyber threats and data security. Key factors driving this growth are:

  • The need for advanced intelligence gathering platforms.
  • Rising reliance on cloud-based infrastructure for command and control systems.
  • Enhanced emphasis on secure communication networks within the armed forces.
  • Development of innovative autonomous systems to assist in warfare.
  • Incorporating AI- and ML-driven analytics integration in reconnaissance and surveillance systems.
  • Safeguarding sensitive information against state-sponsored and independent cyberattacks.
  • Contract Values and Growth Rates

    It is essential to analyze changes in contract values and growth rates for an accurate understanding of the Defence Industry’s economic dynamics. The year 2022/23 demonstrated a strong rebound in defence spending, following a slowdown due to budgetary constraints arising from the COVID-19 pandemic.

    This section provides a comprehensive overview of annual qualifying defence contract values and growth rates, which saw an overall increase of 8% in 2022/23 as compared to the fiscal year 2021/22. Factors attributing to this growth trajectory include:

  • Heightened investment in research and development initiatives to overhaul existing equipment and platforms.
  • Modernization of military infrastructure in response to evolving threats.
  • New procurement programs to replace ageing weapon systems.
  • Increased global collaboration and joint R&D endeavors.
  • Technological advances necessitating procurement of more advanced capabilities.
  • Fiscal stimulus measures providing impetus to national defence budgets.
  • Innovative Procurement Practices

    With complex defense requirements and constraints on public finances, governments around the world continue to develop innovative procurement practices to extract more value from their investments. In 2022/23, numerous countries successfully adopted alternative procurement models that promote competition and enhance cost savings.

    An interesting approach gaining traction is performance-based contracting, where contractors are paid based on the successful achievement of predefined objectives. This has been utilized in several high-profile projects such as:

  • The delivery of a next-generation ground vehicle fleet for a major NATO member.
  • Deployment of an integrated missile defense system in the Asia-Pacific region.
  • Provision of comprehensive maintenance and support services for naval vessels.
  • Upgrade and retrofit of ground-based air defense platforms.
  • Implementation of an autonomous logistics system for expeditionary forces.
  • Development of AI-driven command and control structures for joint operations.
  • …and so forth.


    Category 2022/23 Statistical Data
    Overall Contract Value +8%
    Cybersecurity and Digital Technologies +15%
    Performance-Based Contracting +10%

    Please refer to the following sections for a more in-depth analysis of annual qualifying defence contract statistics.

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