Military

Top 10 Federal Contractors Are Major Military Suppliers

JFK AC Carrier
Huntington Ingalls
According to the Federal Procurement Data System, the top 100 federal contractors in fiscal year 2014, which ended on September 30, 2014, received a total of $235.93 billion in contract awards. The top 10 recipients of federal dollars raked in $117.7 billion, or about 49.9% of all dollars awarded.

Here are the top 10 federal contractors for last year based on contract dollars awarded.

1. Lockheed Martin Corp. (NYSE: LMT) received $32.23 billion in fiscal year 2014, of which $9.6 billion came from the U.S. Air Force, $2.74 billion came from the U.S. Army and $9.64 billion came from the U.S. Navy. The U.S. Department of Defense authorized a total of $25.07 billion in contracts for Lockheed in 2014. In addition, the National Aeronautics and Space Administration (NASA) paid $1.69 billion for Lockheed’s services, and the Department of Homeland Security chipped in $365 million.

2. Boeing Co. (NYSE: BA) received $19.61 billion in federal contracts in fiscal year 2014. The Air Force paid Boeing $6.42 billion, the Army paid $3.39 billion and the Navy paid $6.22 billion. Total Defense Department spending came to $18.00 billion on contracts with Boeing. NASA also spent $1.57 billion with Boeing.

3. General Dynamics Corp. (NYSE: GD) received $15.35 billion in federal contracts in 2014. The company was the Navy’s top contractor with $9.69 billion in obligated funds. The Army spent $3.31 billion with General Dynamics, and the Air Force kicked in $376.74 million. All told, Defense Department contracts with the company totaled $13.63 billion.

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4. Raytheon Co. (NYSE: RTN) garnered total federal contract obligations of $12.62 billion in fiscal 2014. Navy contracts awarded last year totaled $4.09 billion, while Army contracts reached $4.39 billion and Air Force awards totaled $2.17 billion. The company received a grand total of $11.82 billion from the Pentagon and $431.88 million from NASA.

5. Northrop Grumman Corp. (NYSE: NOC) hauled in $10.62 billion in federal contracts in 2014, including $3.8 billion from the Air Force, $2.51 billion from the Navy and $1.69 billion from the Army. The Defense Department total came to $9.21 billion. NASA awarded Northrop Grumman $416.95 million in contracts last year.

6. McKesson Corp. (NYSE: MCK) received a total of $6.21 billion in federal contract awards in the 2014 fiscal year. McKesson is the top contract recipient from the Department of Veteran’s Affairs, with $4.23 billion awarded in 2014. The Pentagon awarded the company $1.66 in contracts in 2014, all from the Defense Logistics Agency (DLA). Last week McKesson received a 30-month extension to its DLA contract to replenish pharmaceuticals to the Pentagon’s Tricare pharmacies, which serve 9.5 million active-duty personnel, retirees and their dependents.

7. United Technologies Corp. (NYSE: UTX) received a total of $5.98 billion in federal contract awards in 2014. The Navy awarded the company $2.08 billion in contracts, while the Army sent $2.02 billion UTC’s way and the Air Force awarded the company $1.23 billion in contracts. Total Department of Defense contract awards came to $6.12 billion.

8. L-3 Communications Holdings Inc. (NYSE: LLL) received $5.79 billion in federal contract awards last year. The Air Force awarded contracts to L-3 worth $2.6 billion, while the Army contract awards totaled $1.15 billion and Navy contracts came in at $949.1 million. Total Pentagon contracts awarded came to $5.29 billion.

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9. BAE Systems is a London-traded defense contractor that received $4.99 billion in U.S. federal contracts in fiscal 2014. The U.S. Navy awarded the company $2.4 billion in new contracts, the Army awarded $1.54 billion and the Air Force added $743.5 million. The Department of Defense awarded the company $4.88 billion.

10. Huntington Ingalls Industries Inc. (NYSE: HII) received $4.66 billion in federal contract awards last year. The U.S. Navy accounted for $4.02 billion of the total, and total Pentagon awards to Huntington came to $4.03 billion. The company recently received another $3.35 billion contract award for detailed design and construction of a new aircraft carrier.

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