Special Report
30 Companies Getting the Most From the Government
March 20, 2019 8:56 pm
Last Updated: January 6, 2020 6:10 am
10. L3 Technologies Inc.
> Contracts won in 2017: $5.2 billion
> Largest federal agency customer(s): DoD, Air Force
> Revenue: $10.2 billion
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. The company was awarded $5.2 billion in contracts with the federal government in 2017. One of the contracts was a $37.6 million maintenance deal to provide support to the Navy’s T-45 Goshawk aircraft system.
9. BAE Systems Plc
> Contracts won in 2017: $5.3 billion
> Largest federal agency customer(s): DoD, Navy
> Revenue: $23.8 billion
BAE Systems was awarded more in U.S. government contracts in 2017 than any other company based in a foreign country. The U.K.-based company made $5.3 billion in 2017 in U.S. taxpayer dollars. A major defense contractor, BAE Systems designs and manufactures fighter jets, artillery systems, electronic equipment, and surface combat vehicles. Nearly a third of BAE’s 83,200 employees are based in the United States.
8. Bechtel Group Inc.
> Contracts won in 2017: $5.5 billion
> Largest federal agency customer(s): DoD, Navy
> Revenue: N/A
Bechtel Group is a private engineering, construction, and project management company. With $5.5 billion in contracts from the federal government in 2017 — 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 recent 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.
7. Huntington Ingalls Industries Inc.
> Contracts won in 2017: $7.2 billion
> Largest federal agency customer(s): DoD, Navy
> Revenue: $8.2 billion
One of the largest defense contractors in the world, Huntington Ingalls Industries won $7.2 billion in federal contracts in 2017. The only company in the world to build U.S. aircraft carriers and one of just two to build nuclear-powered submarines, Huntington Ingalls is critical to the strength of the U.S. Navy. Some of the company’s recent government deals include a $60 million contract to overhaul the USS Boise, a light cruiser vessel, and a $468 million contract to begin component development for the U.S. Navy’s Columbia-class submarine, a nuclear sub slated for use in 2021.
6. Mckesson Corporation
> Contracts won in 2017: $8.8 billion
> Largest federal agency customer(s): Veterans Affairs, DoD
> Revenue: $208.4 billion
McKesson Corporation is one of several health care companies to receive billions of dollars from U.S. taxpayers. 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 the company was awarded $8.8 billion in government contracts in 2017.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.