Aerospace & Defense

Top 10 Federal Contractors Are Major Military Suppliers

JFK AC Carrier
Source: 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.