Ernst and Young wins potential $149M Navy audit contract

Ernst and Young beats out one other bidder for a potential four-and-a-half year, $149.4 million contract for audit services to the Navy.

Ernst and Young has won a potential four-and-a-half year, $149.4 million contract for financial statement audit services to the Navy.

The Defense Finance and Accounting Service received two quotes for the contract that covers a five-month base period with four one-year options.

EY will perform work under the initial base period through Dec. 31, 2017.