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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.
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]
A defense contractor is a business organization or individual that provides products or services to a military or intelligence department of a government.Products typically include military or civilian aircraft, ships, vehicles, weaponry, and electronic systems, while services can include logistics, technical support and training, communications support, and engineering support in cooperation ...
In this article, we will take a look at the top defense contractors in 2021. You can skip our detailed analysis of the security and defense industry, and go to the Top 5 Defense Contractors in 2021.
As of 2019, it was the fifth-largest defense contractor in the United States, and the sixth largest in the world, by sales. The company is headquartered in Reston, Fairfax County, Virginia.
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It was the world's largest defense contractor by revenue for fiscal year 2014. [5] In 2013, 78% of Lockheed Martin's revenues came from military sales; [ 6 ] it topped the list of US federal government contractors and received nearly 10% of the funds paid out by the Pentagon . [ 7 ]
China, along with the United States, dominates the list of the biggest defense contractors in the world. Largest Defense Contractors in the World in 2022 Photo by Somchai Kongkamsri from Pexels