6 Largest Government Contractors
There's a lot of controversy over the United States government's balance sheet. Many argue that the U.S. spends too much money, but where that money goes very few know. Here is a list of the top five companies that receive the most government contracts. Most of the contracts are in the areas of defense and technology, but science also receives a large amount of government dollars.
Lockheed Martin Corp.
Total Contracts: $17,438,128,000
If it weren't for government spending, Lockheed Martin would likely be out of business. The company designs and manufactures satellites, spacecraft, missile defense systems and other products largely outside of the price range of private buyers. The company's biggest contract in 2012 was for the design and manufacture of a fixed-wing aircraft. The contract is valued at $3.48 billion.
Northrop Grumman Corp.
Total Contracts: $9,143,329,000
Northrop Grumman is primarily a defense contractor engaged in manned and unmanned aircraft, missile systems, biodefense, military command centers, and aircraft refueling. This Virginia-based company is also the largest builder of naval vessels.
Total Contracts: $7,455,878,000
Boeing's largest source of revenue comes from the manufacture and sale of commercial aircraft, but roughly 31% of its 2011 revenue came from government contracts primarily from the U.S. government. The company is active in aerospace with $1 billion in contracts coming from NASA.
Total Contracts: $5,938,089,000
Science Applications International Corporation (SAIC) is a science and technology company engaged in a wide range of products and services. Some of these include cancer research, robotics, tsunami warning systems, new technology for crime labs and protecting troops in warzones.
Total Contracts: $5,665,503,000
Raytheon's primary business is defense-oriented with products ranging from air defense, marine combat systems and missile systems. Its best-known product is the Tomahawk cruise missile that is used by the U.S. Navy.
General Dynamics Corp.
Total Contracts: $5,461,177,000
General Dynamics engages in the manufacture of submarines, destroyers and other defense products. A majority of its contracts come from the U.S. Navy. Its largest contract, a $2 billion contract, is for a new submarine.
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