Closing Contracts, Returning Dollars

FORT LEE, Va., March 5, 2021 — There are approximately 579,000 overaged contracts across the Department of Defense, and while typically benign, they carry potential unnecessary or preventable government risks. The potential solutions represent millions of dollars that can be returned to the military services. Closing these contracts is a priority for the Defense Contract Management Agency, which administers tens-of-thousands of the overaged contracts on behalf of DoD customers.