DoD Launches ESOP Pilot: Sole Source Follow-On Contracts Limited to Nine Entities
Mon, November 28th 2022
Recently, the Department of Defense (“DoD”) issued a memorandum to launch a pilot program that will enable certain contractors owned under an employee stock ownership plan (“ESOP”) to receive sole source follow-on awards. ESOP-owned defense contractors should review DoD’s memorandum and move quickly to determine how this unique pilot program may be of benefit. Section...