(C) Common Dreams
This story was originally published by Common Dreams and is unaltered.
. . . . . . . . . .
Top 100 Defense Contractors 2023 [1]
['Forecast International', 'About Forecast International', 'For Years', 'Forecast International Intelligence Reports Have Been The Aerospace', 'Defense Industry Standard For Accurate Research', 'Analysis', 'Projections.', 'Our Experienced Analysts Compile', 'Evaluate', "Present Accurate Data For Decision Makers. Fi'S Market Research Reports Offer Concise Analysis Of Individual Programs"]
Date: 2024-03-01
The ongoing conflicts in Ukraine and Gaza, coupled with rising tensions in Asia over Taiwan and Korea, are fueling an increase in defense spending. This has resulted in a boost for defense contractors like Lockheed Martin, RTX, and General Dynamics, who have seen a significant rise in their defense contracts.
This list of the Top 100 U.S. Department of Defense prime contractors is ranked by total contract funds awarded. According to USAspending.gov, the DoD had defense contract award obligations of $466.3 billion in FY23, up 10 percent from $424.3 billion in FY22. The top 100 FY23 contractors accounted for $290.0 billion (62 percent) of the obligated dollars, compared to $274.0 billion (65 percent) in FY22.
In FY23, the DoD’s share of available funding was $1.52 trillion, or 12.8 percent of the FY23 U.S. federal budget. This is a decrease of 7.3 percent compared to the DoD’s share of the U.S. federal budget for FY22 of $1.64 trillion, or 14.3 percent.
Data was sourced from USASpending.gov and compiled and processed by Forecast International. Please note: The awards listed below are from the DoD only; hence, totals will not match federal contract totals, which include awards by other government agencies. A 2023 Top 100 Contractors Report listing all federal agencies will be released in late 2024 on SAM.gov
2023 Compared to 2022
The list of the top 15 Department of Defense contractors with their 2023 rank compared to 2022 is detailed below.
2023
Rank
Prime Contractor
$ millions 2022
Rank
$ millions 1. LOCKHEED MARTIN CORP 68,590 1 46,214 2. RAYTHEON TECHNOLOGIES CORP (now RTX) 27,820 2 26,131 3. GENERAL DYNAMICS CORP 22,965 3 21,575 4. THE BOEING CO 21,790 5 14,802 5. NORTHROP GRUMMAN CORP 15,094 6 13,767 6. HUNTINGTON INGALLS INDUSTRIES INC 9,130 9 5,358 7. HUMANA INC 7,780 7 7,740 8. BAE SYSTEMS PLC 7,530 10 5,089 9. L3HARRIS TECHNOLOGIES INC 6,373 8 6,748 10. ATLANTIC DIVING SUPPLY INC 4,424 12 3,044 11. AMERISOURCEBERGEN 4,392 – – 12. GENERAL ELECTRIC COMPANY 3,845 16 2,542 13. HEALTH NET FEDERAL SERVICES (Centene Subsidiary) 3,601 15 3,550 14. V2X 3,146 – – 15. LEIDOS HOLDINGS INC 2,919 11 4,081
Please visit Forecast International to download the Top 100 Defense Contractors 2023 and Top 10 Future Defense Programs report by clicking the button below
Share this:
Tweet
Print
Email
[END]
---
[1] Url:
https://dsm.forecastinternational.com/2024/03/01/top-100-defense-contractors-2023/
Published and (C) by Common Dreams
Content appears here under this condition or license: Creative Commons CC BY-NC-ND 3.0..
via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/commondreams/
