Top 10 Biggest Government Contracting Companies You Need to Know About
Contracting companies for the United States government are private companies that provide goods and services for various government institutions. From food, office supplies, to military equipment and communication systems, these contractors help provide government support or improve strategies. Contracting companies win government contracts by sending out proposals with the lowest bidding cost required by law. Though smaller companies can compete for more minor contracts—i.e., states and municipal contracts, large companies usually bid on federal projects which require expertise and heavy investment. The most prominent government contracting companies you need to know about and what they offer are listed below.
Lockheed Martin is a global security and aerospace company headquartered in Bethesda, Maryland. It specializes in aeronautics, missiles and fire control, radar systems, maritime systems, and satellites. It employs about 114,000 people in the United States and internationally on its more than 300 facilities.
The company is most prevalent in securing defense contracts. For example, it handles the fighter jet program for F-16 ?and F-35 and C-130 program. More recently, Lockheed Martin secured a $1.13 billion contract to produce Guided Multiple Launch Rocket System (GMLRS) rockets and associated equipment.
Raytheon Technologies results from the merger of United Technologies and Raytheon Company in 2020. Headquartered in Waltham, Massachusetts, the unification of the two companies resulted in Raytheon Technologies being one of the world's largest aerospace and defense companies in terms of earnings and market capitalization. The 180,000 employees, which include more than 60,000 engineers and scientists, are spread out into the company's four subsidiaries: (1) Collins Aerospace— specializes in aerospace and defense solutions to include aerostructures, missions systems, and power and control systems; (2) Pratt & Whitney—?manufactures and designs aircraft and auxiliary power systems; (3) Raytheon Intelligence & Space— develops cyber and software solutions, and (4) Raytheon Missiles & Defense— produces air and missile defense systems, precision weapons, radars, and command and control systems. In addition, the company has secured government contracts with all U.S, Military branches. These include a $950 million contract for the Advanced Battle Management System with the Air Force and a follow-on contract of $126 million with the Navy for manufacturing Enterprise Air Surveillance Radars for its amphibious ships, carriers, and frigates.
General Dynamics Corporation is an aerospace and defense company headquartered in Reston, Virginia, and employs more than 100,000 people. Organized into four business groups: (1) Aerospace, (2 )Marine Systems, (3) Combat Systems, and (4) Technologies, General Dynamics provides combat vehicles, weapons systems and munitions, nuclear-powered submarines, shipbuilding, and ship repair, communications systems, and IT solutions.
Some of the most recent government contracts with the U.S. Army include a $229 million contract for a hand-held cryptographic key loader for transferring and managing sensitive data and a $518 million logistics contract that will provide hardware and software field support for the joint U.S. and coalition warfighters around the globe.
4. Boeing
Best known for manufacturing commercial airplanes, the Boeing Company has a long aerospace leadership and innovation history. Started in 1916 by William Boeing, the company has since grown from manufacturing commercial jetliners to producing military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information, and communication systems. Headquartered in Chicago, the Boeing company employs an estimated 140,000 people across its three business units: (1) Commercial Airplanes, (2) Defense, Space, & Security, and (3) Boeing Global Services.
The company has secured government contracts with all of the branches of the U.S. military, NASA, the Federal Aviation Administration (FAA), and the Department of Homeland Security. Last year, Boeing secured a 23.8 Billion follow-on contract with the U.S. Department of Defense for C-17 operational support.
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Northrop Grumman Company is a space, aeronautics, defense, and cyberspace technology company with corporate headquarters in Falls Church, Virginia. Most of the company's business is with the U.S. government, specifically the Department of Defense and the intelligence community. As such, the company positions itself based on the National Defense Strategy. The 90,000 employees have spread out in Northrop Grumman four business sectors: (1) Aeronautics Systems— innovations in manned and unmanned air systems; (2) Defense Systems— provides integrated battle command systems, tactical weapons, and information systems; (3) Mission Systems— combines agile software and hardware for defense and intelligence applications; and (4) Space Systems— delivers end-to-end solutions from design, development, to production and operation of space, launch, and missile systems.
Recent government contracts include a $1.4 billion wartime control system for the U.S. Army and a $2.3 billion contract with the Department of Defense for intercontinental ballistic missiles (ICBM).
6. Anser
Anser is a not-for-profit research company located in Falls Church, Virginia. Incorporated in 1958, Anser was established to support the Air Force through objective analysis for its mission requirements. Since then, the company has grown to offer program management, decision support, acquisition analysis, systems, and engineering & integration, risk assessment, plan development, policy, strategy, and implementation services to various Department of Defense components and several federal agencies to enhance public policy, national security, and homeland security. For example, the company secured a $29.6 million contract with the Department of Defense Chief Information Officer to provide analytical expertise for its command, control, communication, and computer (C4) capabilities.
7. McKesson
McKesson Corporation is a healthcare company that distributes pharmaceuticals, medical-surgical supplies and equipment, specialty care management tools, and health information technology solutions. Based in Irving, Texas, the company employs 76,000 people who all helped in responding to the global pandemic. Specifically, McKesson served as the centralized distributor of the U.S. government's COVID-19 vaccines and ancillary supply kits. The company reported $238 billion in revenue for 2021, with growth in medical-surgical solutions, U.S. pharmaceuticals, and prescription technology solutions.
8. Leidos
Leidos is a science and technology solutions company based in Reston, Virginia. Founded in 1969 by J. Robert Beyster, Leidos' first customer was the U.S. government, who hired the company to study the effect of nuclear weapons. Today, Leidos employs 43,000 employees, with the U.S. government still its primary customer. Specifically, Customs and Border Protection, Department of Energy, Federal Aviation Administration, Department of Justice, NASA, Global airport operations, Department of Defense, and National Science Foundation, to name a few. The company segments its lines of business into four: (1) Civil capabilities provide IT, security, software, engineering, and operations solutions; (2) Defense capabilities focuses on readiness, resilience, and strategic modernization through a new generation of tools, technologies, and systems; (3) Health capabilities delivers data-driven, value-based solutions through biomedical research management, enterprise information technology, and digital modernization; and ?(4) Intelligence capabilities that render seamless, automated delivery of information that leverages data architectures and analytics. The company reported $12.3 billion in revenue for 2020. In addition, Leidos recently secured a $2.5 Billion contract with NASA to provide telecommunications, cloud, and data center services.
TriWest Healthcare Alliance is a dedicated health benefit firm with the sole purpose of providing health benefits for active-duty servicemen, veterans, and their families. Founded in 1996, the company handles the Department of Defense TRICARE program in partnership with the Department of Veterans Affairs. Awarded government contracts with the VA include a $5 Billion commitment to set up and maintain a network of health care providers and practitioners in Alaska and a $26 billion contract to manage the community care center for Region 4 by serving as a third-party administrator that will work, process, and pay claims.
Huntington Ingalls Industries is a global engineering and defense technologies provider in Newport News, Virginia. The company was founded in 2011 as a spinoff of the Northrop Grumman's Shipbuilding sector. Today, HII is an exclusive partner of the U.S. military that designs, builds, and refuels U.S. Navy aircraft carriers and nuclear-powered submarines. In addition, as the sole provider of the Navy's surface combatants,?the company has produced more than 70 percent of the Navy fleet's warships. Huntington Ingalls Industries reported $2.7 billion in revenues for 2021.