6 Largest Government Contractors

AAA

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.

Boeing Co.

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.

SAIC

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.

Raytheon Co.

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.

  1. No results found.
Related Articles
  1. Small Business

    Risks Associated With Government Contracts

    Government contracts can be rewarding, but they also come with a variety of risks.
  2. Small Business

    10 Public Companies That Rely On Govt. Contracts

    We look at 10 of the top public companies whose businesses rely on U.S. government contracts.
  3. Investing

    What are Government Securities?

    Government securities are debt instruments that governments issue to raise capital.
  4. Insights

    Explaining Limited Government

    Limited government is a political viewpoint that favors few, if any, government controls on individuals and the economy.
  5. Investing

    Explaining Government Bonds

    A government bond is a debt security a government issues.
  6. Investing

    Fiscal Deficit

    A shortfall that occurs when government spending exceeds government revenues, or taxes.
  7. Investing

    How Is the Bank of Japan Monetizing Government Debt?

    With its massive QE program and more recent adoption of negative interest rates, it looks like the BOJ is monetizing the Japanese government's debt.
  8. Personal Finance

    The Highest Paying Government Jobs

    Learn how professionals can work for the government and still make high salaries; identify the specific professions that pay the most in government work.
  9. Investing

    The Government And Risk: A Love-Hate Relationship

    Though the U.S. government can help its citizens by subsidizing risky loans, the costs always come back to the taxpayers.
  10. Taxes

    Baffling Ways The Government Spends Tax Dollars

    You won't believe how the federal government spends your hard-earned money.
Hot Definitions
  1. Nonfarm Payroll

    A statistic researched, recorded and reported by the U.S. Bureau of Labor Statistics intended to represent the total number ...
  2. Conflict Theory

    A theory propounded by Karl Marx that claims society is in a state of perpetual conflict due to competition for limited resources. ...
  3. Inflation-Linked Savings Bonds (I Bonds)

    U.S. government-issued debt securities similar to regular savings bonds, except they offer an investor inflationary protection, ...
  4. Peak Globalization

    Peak globalization is a theoretical point at which the trend towards more integrated world economies reverses or halts.
  5. Phishing

    A method of identity theft carried out through the creation of a website that seems to represent a legitimate company. The ...
  6. Insurance

    A contract (policy) in which an individual or entity receives financial protection or reimbursement against losses from an ...
Trading Center