Ernst & Young Wins Air Force Financial Audit Contract Worth Up to $200.2M

Ernst & Young LLP, Washington, D.C., was awarded a labor-hour contract option modification, P00027 dated Nov. 5, 2025, and executed subject to availability of funds due to the government shutdown, for audit services of the Department of the Air Force General Fund and Working Capital Fund financial statements and examination. Work will be performed in Washington, D.C., and other locations within and outside the U.S. The expected completion date is Dec. 31, 2026. This contract is the result of a competitive acquisition for which one quote was received. The contract has a 12-month base period plus four individual one-year option periods with a maximum value of $200,222,745. This award brings the total cumulative value of the contract to $193,429,892. Fiscal 2026 Air Force operations and maintenance funds in the amount of $39,948,362 are being obligated via modification P00028. The Defense Finance and Accounting Service, Contract Services Directorate, Columbus, Ohio, is the contracting activity (HQ0423-21-F-0087).