Special Report

30 Companies Getting the Most From the Government

Samuel Stebbins, Evan Comen, Charles Stockdale

Source: Bechtel Corporation / Facebook

10. Bechtel Group Inc.
> Contracts won in 2016: $4.93 billion
> Largest customers: Navy, Department of Energy, Army
> Revenue: N/A
> Headquarters: San Francisco, CA

Bechtel Group is a private engineering, construction, and project management company. With $4.9 billion in revenue exclusively from the federal government in 2016 — largely from deals with the Defense Department and Navy — it is also one of the largest defense contractors in the world. The company has worked with the U.S. government, and many of its allies, providing missile defense services and developing and maintaining military bases and other infrastructure for over 50 years. The company’s current projects with the U.S. government include a missile defense and space surveillance program at the Ronald Reagan Ballistic Missile Test Site in the Marshall Islands.

Source: David Poe / U.S. Air Force

9. L3 Technologies, Inc.
> Contracts won in 2016: $5.06 billion
> Largest customers: Air Force, Army, Navy
> Revenue: $9.57 billion
> Headquarters: New York, NY

L3 Technologies is a company that provides intelligence, surveillance, and reconnaissance products and services for land, sea, and space missions for a variety of government and commercial customers. In the company’s latest fiscal year, the federal government accounted for 70.0% of its total revenue. Foreign governments accounted for 14.8% of revenue, and commercial clients accounted for 15.2%. One of the most recent deals between the U.S. government and L3 was a $37.6 million maintenance contract under which the company will provide support to the Navy’s T-45 Goshawk aircraft system.

Source: BAE Systems / Facebook

8. BAE Systems plc
> Contracts won in 2016: $5.15 billion
> Largest customers: Navy, Army, Air Force
> Revenue: $25.58 billion
> Headquarters: Farnborough, United Kingdom

BAE Systems’ revenue from the U.S. government in 2016 was larger than any other company based in a foreign country. The U.K.-based company made nearly $5.2 billion in 2016 in U.S. taxpayer dollars. A major defense contractor, BAE Systems designs and manufactures fighter jets, artillery systems, electronic equipment, and surface combat vehicles. Over a third of BAE’s 83,100 employees are based in the United States.

Source: DanielPenfield / Wikimedia Commons

7. United Technologies Corporation
> Contracts won in 2016: $6.47 billion
> Largest customers: Navy, Army, Air Force
> Revenue: $59.84 billion
> Headquarters: Farmington, CT

United Technologies Corporation has worked on over 150,000 contracts with government departments such as the Department of Defense, National Aeronautics and Space Administration, and State Department since 2007. Much of the company’s government business is related to aerospace products, developed by subsidiaries UTC Aerospace Systems and Pratt & Whitney. In December of last year, the U.S. Air Force awarded company a $6.7 billion contract to maintain its F119 aircraft engines, which are used in the USAF’s Lockheed Martin F-22 Raptor fighter jets.

Source: McKesson Corporation / Facebook

6. McKesson Corporation
> Contracts won in 2016: $8.64 billion
> Largest customers: Veterans Affairs, Defense Logistics, Health & Human Services
> Revenue: $198.53 billion
> Headquarters: San Francisco, CA

McKesson Corporation is one of several health care companies to receive billions in U.S. taxpayer dollars in 2016. Through its subsidiaries, the company supplies a range of branded and generic pharmaceuticals, surgical supplies, and electronic infrastructure to health care providers. The Department of Veterans Affairs is one of the company’s largest clients, and U.S. government contracts accounted for $8.6 billion of the company’s 2016 revenue.

McKesson is one of several companies being sued by local governments in West Virginia for failing to comply with state and federal laws that might have prevented the opioid crisis currently ravaging the state.