News release: “The 17th annual Grant Thornton Government Contractor Industry Survey…offers an in-depth look at the industry as a whole and into the day-to-day business of government contracting. The survey reflects findings from over 100 companies. This year’s survey highlights include: Revenue from government contracts grew for 50% of survey participants, while 21% experienced no significant change, and 29% experienced reductions in revenue. The fact that the highest percentage of companies experienced revenue growth continues a long-term trend reported in previous surveys indicating that government contractors are far less vulnerable than commercial companies to recessions or slow growth in the overall economy. However, the 29% of companies experiencing revenue reductions is the highest percentage reported in several surveys, indicating that government efforts to reduce deficits are adversely impacting government contractor revenue…The relationship between contractors and government auditors and contracting officers deteriorated during the past year. The relationship with auditors was rated as fair or poor by 19% of the surveyed companies compared with 11% in the 16th annual survey. The relationship with contracting officers was rated fair or poor by 10% of the participants in the 17th annual survey compared with 5% in the prior survey.”