Correction: This article has been updated to reflect the General Services Administration’s methods for tracking federal contracts. Show The General Services Administration has released its latest report detailing how much money federal agencies committed to pay to their top 100 contractors during fiscal year 2022. The report tracks how much money the federal government “obligated” to be paid to contractors last year, though not all contracts may have been totally fulfilled. Lockheed Martin inked $47.7 billion in contracts with the federal government from Oct. 1, 2021, through Sept. 31, 2022, according to the latest report. That’s up from $42.1 billion during the previous fiscal year. Nearly $46.2 billion of the total dollars obligated to Lockheed Martin came directly from the Department of Defense. The Defense Department has the largest discretionary budget of any federal agency, and it makes up a significant portion of the dollars obligated to the government’s biggest contractors. The second largest contractor, Raytheon Technologies, scored $27 billion in contracts during the same period, up from $21.6 billion during fiscal year 2021. General Dynamics rounded out the top three with $24.7 billion. The previous year’s figure was $20.5 billion. Pfizer was the next largest contractor, scoring $18 billion in contracts, including $16.7 billion from the Department of Defense. Federal contract dollars to Pfizer jumped precipitously during and after the COVID-19 pandemic, from just over $1 billion during fiscal year 2019 to $14.1 billion during fiscal year 2021. Pfizer is one of the biggest manufacturers of the COVID-19 vaccine, a hot-button issue after thousands of active-duty service members were expelled for refusing to take it. Sen. Ted Cruz (R-Texas) introduced an amendment to the NDAA earlier this month that would reinstate those members. The next biggest contractor was Boeing, which inked $16.6 billion in contracts. That’s a notable drop from the $23.9 billion obligated during the previous fiscal year. Updated at 5:46 p.m. Tags Ted Cruz Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. A cookie is a small piece of data (text file) that a website – when visited by a user – asks your browser to store on your device in order to remember information about you, such as your language preference or login information. Those cookies are set by us and called first-party cookies. We also use third-party cookies – which are cookies from a domain different than the domain of the website you are visiting – for our advertising and marketing efforts. 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Sale of Personal Data We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website. Who are the biggest government contractors?Lockheed Martin inked $47.7 billion in contracts with the federal government from Oct. 1, 2021, through Sept. 31, 2022, according to the latest report. That's up from $42.1 billion during the previous fiscal year. Who are the top US defense contractors?List of companies. Who are the prime contractors for US Defence?Top 100 Defense Contractors 2022. How many DOD contractors are there in the US?According to the FY2021 ICS report, DOD contracted about 251,000 FTEs within the four defined service portfolios during that year (see Table 2). Of that number, the Department of the Army contracted about 36%, the Department of the Navy about 24%, and the Department of the Air Force about 21%. |
