Leidos, a contracting firm earning over $16 billion primarily from federal agencies like the V.A., faced potential revenue loss when budget cuts were proposed. The V.A. planned to cancel 850 contracts worth $2 billion, raising concerns. However, after pausing cancellations to reassess their impact on veteran services, the outlook for Leidos improved. Experts believe that cutting staff at the V.A. without reducing its essential functions could actually result in more spending on contractors like Leidos to meet healthcare needs.
Experts on government contracting noted that cutting employees in the V.A. while not reducing their functions could lead to increased federal contract spending.
After announcing cuts to more than 850 contracts, the V.A. paused the cancellations to avoid losing necessary benefits for veterans, narrowing the cuts substantially.
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