Bloomberg Government has published its sixth annual ranking of the top 200 federal contractors, who collectively won more than $477 billion in federal contracts in 2016.
BGOV analyzed the top unclassified contracts at 24 agencies and in 27 different purchasing categories to compile its report. There are few surprises among the top names, with Lockheed Martin, Boeing, General Dynamics, Raytheon and Northrop Grumman forming the top five by federal obligations. Those five accounted for $110.3 billion, with Lockheed alone accounting for $44.1 billion.
Total contract spending rose from $441.6 billion in fiscal year 2015 to $477.7 billion in 2016, an 8 percent increase. The top 200 contractors won 63 percent of the government’s contract awards, or $302 billion, according to BGOV.
“This year, top federal contractors have seen an increase in contracts, while budget pressures, contract consolidation and mergers and acquisitions activity has continued,” BGOV Vice President and General Manager Donald Thomas said in a statement. “We anticipate spending in some categories, such as information technology – which increased from $63.8 billion in fiscal 2015 to $68.9 billion in fiscal 2016 – to continue its accelerated pace of spending.”
Some of the companies that rose in BGOV’s rankings include BAE Systems, Leidos Holdings Inc., CSRA Inc., CACI International and Batelle. Of those companies, Leidos made the most dramatic move up the rankings, jumping nine spots from 19 to 10 with its acquisition of Lockheed Martin’s Information and Global Solutions business. New entrants to BGOV’s list include TriWest Healthcare Alliance, Analytic Services Inc., Kiewit-Turner Joint Venture, Caddell Construction Co. and VSE Corp.
Compared to 2015, government spent $10 billion more on aircraft, $6 billion more on facility-related services and $5 billion more on technology, according to BGOV’s report.