Torch Technologies Named to Bloomberg Government's BGOV200 List
TORCH TECHNOLOGIES NAMED TO BLOOMBERG GOVERNMENT’S BGOV200 LIST OF TOP FEDERAL CONTRACTORS
Torch Technologies Ranked #147 In Analysis of Unclassified, Prime Contracts Awarded Across All Federal Government Agencies
Washington, D.C. (July 2, 2022) — Torch Technologies today announced it has been named one of the top 200 federal contractors according to Bloomberg Government in the eleventh annual BGOV200, based on fiscal year 2021 data for unclassified, prime contracts awarded across all U.S. federal government agencies. To download a copy of the BGOV200, please visit http://onb-gov.com/tNu450JVTQM.
The 11th annual BGOV200 report is the culmination of extensive data cleansing and analysis of areas such as company hierarchy, contract title, and agency assignments. Data integrity makes this the premier source for government contract practitioners trying to make sense of shifts in the competitive landscape.
Bloomberg Government’s analysis finds that fiscal 2021’s spending of $649 billion marks the first time in six years that a decrease in government contract spending has occurred, a total contracting dollar decrease of $37 billion compared to the 2020 high of $687 billion. With less government spending comes a more competitive marketplace to find success in.
“We’re honored to recognize Torch Technologies as one of the top federal contractors for fiscal 2021,” said Kerry Lenahan, General Manager and Head of Government Contracting Solutions, Bloomberg Government. “The 11th edition is a testament to Bloomberg Government’s continued commitment to deliver critical market intelligence that helps clients best understand how to position themselves in this competitive market.”
About Bloomberg Government
Bloomberg Government is a premium, subscription-based service that provides comprehensive information and analytics for professionals who interact with – or are affected by – the government. Delivering news, analytics, and data-driven decision tools, Bloomberg Government’s digital workspace gives an intelligent edge to government affairs and contracting professionals. For more information or a demo, visit Bloomberg Government.
About Torch Technologies: Founded in October 2002, Torch Technologies, Inc. (Torch) is a 100% employee-owned business dedicated to quality technical services, competitive costs, and ethical business practices. Torch has received both national and local recognition for its business performance, workplace environment, and ethical business practices. In 2021, Torch was ranked on the Inc. 5000 list for the fifteenth consecutive year. Torch was also named one of the Best Workplaces in Consulting & Professional Services for the sixth consecutive year by Great Place to Work, and Great Place to Work and Fortune named Torch one of the country’s Best Workplaces for Millennials for the fourth year, with previous recognition in 2021, 2020, and 2018. Torch was also recognized as the 2021 ESOP Company of the Year by the New South Chapter of The ESOP Association for a second time, with previous recognition in 2018. Additionally, Torch was selected as a recipient of the 2021 James S. Cogswell Outstanding Industrial Security Achievement Award by the Defense Counterintelligence and Security Agency (DCSA). Washington Technology also listed Torch in its annual “Top 100” Government Contractors ranking for the seventh consecutive year, and Bloomberg Government listed Torch in its annual “Top 200” ranking for the sixth consecutive year in 2022. Torch was also selected for a Colorado Springs Business Journal “Best in Business” award for the second consecutive year and named one of the “Best Workplaces in Colorado Springs” by The Colorado Springs Gazette for the second consecutive year in 2021. In 2020, Torch became the only four-time recipient of the Better Business Bureau’s Torch Award for Business Ethics in the North Alabama region, also winning in 2015, 2009, and 2005. Great Place to Work named Torch one of the country’s Best Workplaces for Parents in 2020. In 2019, Torch was ranked on the Entrepreneur 360 list for the third consecutive year. In 2018, Great Place to Work and Fortune magazine named Torch a Best Medium Workplace for the third consecutive year. Additionally, Torch was also named a winner of the 2018 Best Places to Work in Huntsville award, marking Torch’s fifth time to receive this honor, with previous wins in 2017, 2016, 2012, and 2008. In 2016, Torch was named one of America’s Best Small Companies by Forbes. For more information, visit the company’s website at www.TorchTechnologies.com