1. Lockheed Martin
Contracted in 2010: $35.9 billion* Total 2010 revenue: $45.8 billion
Contracted in 2011, so far: $15.74 billion
Lockheed’s biggest contracts in 2010 included a $2.51 billion contract with the Department of Defense for fixed - wing aircraft and a $1.1 billion contract with NASA that included work on the Orion project.
2. Boeing (BA)
Contracted in 2010: $19.4 billion Total 2010 revenue: $63.3 billion
Contracted in 2011, so far: $6.01 billion
Although Boeing’s main sources of revenue are commercial airlines, the Chicago-based company’s Defense, Space & Security segment deals primarily with the U.S. Government. That segment accounts for approximately $32 billion of the company’s $63.3 billion in 2010 revenue.
3. Northrop Grumman (NOC)
Contracted in 2010: $16.47 billion* Total 2010 revenue: $34.8 billion
Contracted in 2011, so far: $4.04 billion
As with most of the highest paid contractors, Northrop Grumman’s largest contracts are also with the Department of Defense, including an individual contract for $1.29 billion for work on aircraft carriers. So far in 2011, Northrop Grumman’s biggest individual contract was a $569 million deal with the U.S. Coast Guard for radio navigation equipment.
4. Raytheon (RTN)
Contracted in 2010: $14.9 billion Total 2010 revenue: $25.18 billion
Contracted in 2011, so far: $4.33 billion
In 2010, Raytheon’s biggest contract was for $1.06 billion in a deal to supply guided missiles, while so far in 2011, the company’s biggest contract was also for guided missiles in a deal worth $1.39 billion.
5. General Dynamics (GD)
Contracted in 2010: $14.8 billion Total 2010 revenue: $32.47 billion
Contracted in 2011, so far: $2.49 billion
In 2010, General Dynamics of Fairfield, Connecticut engaged in 16,526 transactions with the U.S. Government, totaling approximately $14.8 billion. The largest single award was a $2.48 billion contract for the U.S. Navy on the construction of Virginia-class submarines.
Total 2010 revenue: $15.68
Contracted in 2011, so far: $1.84 billion
The company derived 83% of its 2010 revenues from U.S. Government sources, while another 8% was derived from foreign governments. The Department of Defense was L-3’s largest customer, with $11.93 billion in contracts last year.
7. United Technologies (UTX)
Contracted in 2010: $7.7 billion Total 2010 revenue: $54.32 billion
Contracted in 2011, so far: $1.96 billion
The biggest contract for United Technologies in 2010 was for $2.02 billion to manufacture rotary wing aircraft from its Sikorsky division. Other large projects include the maintenance and repair of gas turbines, jet engines and other aircraft, several of which cost the government over $400 million each.
8. Oshkosh Corp. (OSK)
Contracted in 2010: $7.2 billion Total 2010 revenue: $9.82 billion*
Contracted in 2011, so far: $1.85 billion
The biggest contracts for Oshkosh in 2010 were for combat and ground vehicles, three of which eclipsed $1 billion, with the most expensive being $1.13 billion, with all of its $100+ million contracts going to the Department of Defense.
9. SAIC Inc. (SAI)
Contracted in 2010: $6.9 billion Total 2010 revenue: $11.12 billion
Contracted in 2011, so far: $1.7 billion
SAIC’s largest contract in 2010 was with the National Institutes of Health to the tune of $541 million. The contract was for the “operation of government-owned facilities” under both the National Institutes of Health and the National Cancer Institute, with the latter under the Recovery Act.
10. BAE Systems
Contracted in 2010: $6.6 billion Total 2010 revenue: $36.69 billion
Contracted in 2011, so far: $1.3 billion
According to USASpending.gov, the company was awarded $6.6 billion in U.S. Government contracts in 2010 and has already been awarded $1.3 billion so far in 2011.
The Department of Defense is responsible for BAE’s top 10 contracts from 2010, which ranged from $102 million to $321 million. Of the $6.6 billion, $2.8 billion arose from the U.S. Navy and $2.5 million from the U.S. Army, while the largest contract was for the Caiman MTV troop transport.
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