What Happened
Government Contractors Report Strong Backlogs Amid Budget Uncertainty
Government technology contractors, including Palantir, Booz Allen Hamilton, CACI International, Parsons Corporation, and BigBear.ai, have reported strong backlogs and raised full-year targets, despite operating under a stopgap funding law that runs through Dec. 11. The companies’ quarterly reports show significant revenue growth, with Palantir’s U.S. commercial revenue surpassing its U.S. government revenue for the first time. The developments come as the new Congress is set to convene on Jan. 3, 2027, and the Senate has yet to pass its version of the fiscal 2027 defense policy bill. This article was first reported by American News Group.