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With $48.666 billion in business with the U.S. federal government, Lockheed Martin, based in Bethesda, Maryland, is the largest U.S. federal government contractor. The Top 100 Contractors Report (TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement.
In fiscal year 2019, the US Federal Government spent $597bn on contracts. [2] The Obama administration measured spend at over $500bn in 2008, double the spend level of 2001. [4] Other estimates suggest spend was $442bn in fiscal year 2015 [2] and $461bn in 2016. [5]
The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
The Department of Defense announces contracts valued at $7 million or more each business day at 5 pm. [2] All defense contractors maintain CAGE (Commercial and Government Entity) Codes and are profiled in the System for Award Management (SAM). [3]
In July, the SBA announced that in fiscal 2022 the federal government had awarded $163 billion in contracts to small businesses, making up over a quarter of all the money spent on government ...
2025: People and organizations; President: Donald Trump: President's history: President of the United States (2017–2021) Chairman of The Trump Organization (1971–2017) Vice President: JD Vance: Member party Republican Party: Status in legislature: Majority government (from 2025) Opposition party Democratic Party: History; Election: 2024 ...
Some of that money goes via contracts to Elon Musk, the world’s richest man who is working with Ramaswamy on the Department of Government Efficiency, a new nongovernmental commission. The ...
She shared that the government allocated $178 billion to small businesses in 2023, with contracts going to diverse industries such as marketing, construction, leasing, janitorial services, and ...