Special Report

30 Companies Getting the Most From the Government

Source: Bob Brown / Northrop Grumman

5. Northrop Grumman Corporation
> Contracts won in 2016: $11.91 billion
> Largest customers: Air Force, Navy, Army
> Revenue: $25.80 billion
> Headquarters: Falls Church, VA

Northrop Grumman is one of several companies on this list that are virtually indispensable to American military might. The company manufactures and services the iconic B-2 Spirit Stealth Bomber — which the U.S. military has deployed in Iraq, Afghanistan, and most recently in Libya. Adjusted for inflation, a single B-2 bomber costs over $2 billion, and the U.S. Air Force currently has 20 in operation. The company’s other business segments include drone manufacturing, cyber security, and logistics. Northrop Grumman revenue from federal government contracts totaled $11.9 billion in 2016 alone.

Source: Tomás Del Coro / Wikimedia Commons

4. Raytheon Company
> Contracts won in 2016: $13.47 billion
> Largest customers: Navy, Army, Air Force
> Revenue: $25.35 billion
> Headquarters: Waltham, MA

The Raytheon Company is a U.S. defense contractor that manufactures weapons and electronics, including guided missiles, among other services. In fiscal 2017, sales to the U.S. government accounted for 67%, or $16.86 billion, of the company’s total net sales. In recent years, Raytheon has also been contracted to aid in cyber defense, including a $1 billion agreement with the Department of Homeland Security.

Source: Tomás Del Coro / Wikimedia Commons

3. General Dynamics Corporation
> Contracts won in 2016: $14.50 billion
> Largest customers: Navy, Army, Health & Human Services
> Revenue: $30.97 billion
> Headquarters: Falls Church, VA

General Dynamics Corporation is another aerospace and defense company that derives over half – 61% in 2017 – of its revenue from the U.S. government. U.S. commercial customers accounted for 15% of revenue that year, non-U.S. commercial customers for 13%, and non-U.S. government customers for 11%. Since fiscal year 2007 the company has worked on government contracts worth a total of $163 billion. Its contracted government work in fiscal year 2016 totalled $14.5 billion.

Source: Jetstar Airways / Wikimedia Commons

2. The Boeing Company
> Contracts won in 2016: $26.50 billion
> Largest customers: Air Force, Navy, Army
> Revenue: $93.39 billion
> Headquarters: Chicago, IL

Boeing is the world’s largest aerospace company and the 24th largest U.S. company by revenue. While the company may be most well known for its commercial airplanes, it also has a large defense, space, and security segment — which lists the U.S. Department of Defense as its primary customer. In 2017, the DoD accounted for approximately 79% of revenue at this segment. Boeing’s government customers include all of the branches of the U.S. military, NASA, the Federal Aviation Administration (FAA) and the Department of Homeland Security.

Source: Don Peek / U.S. Air Force

1. Lockheed Martin Corporation
> Contracts won in 2016: $43.40 billion
> Largest customers: Navy, Air Force, Army
> Revenue: $51.05 billion
> Headquarters: Bethesda, MD

The largest defense contractor in the world, Lockheed Martin made more from contracts with the federal government in 2016 than any other company. The company received $43.40 billion from the federal government in its 2016 fiscal year — equal to about 92% of the company’s revenue in its own fiscal 2016.

Lockheed Martin’s business segments include missile defense, radar, naval warfare technology, fighter jets and intercontinental ballistic missiles. Recently, the company inked a 60-year deal for the F-35 Joint Strike Fighter jet, valued at an estimated $1 trillion — the most expensive weapons deal in Defense Department history. The F-35 is one of the newer additions to the company’s lineup, which includes the F-22 Raptor and F-16 fighter jets, the C-130 Hercules airlifter, and following Lockheed’s 2015 acquisition of Sikorsky, the Black Hawk helicopter.