This diagram has three rings. The inner ring represents federal agencies such as the Department of Defense, which are measured by the total dollar amount they spent on contracts in fiscal year 17. The central ring represents sub-agencies such as the Air Force, which in most cases award contracts to contractors. The outer ring represents entrepreneurs who receive rewards from these sub-agencies. In addition to defense companies, health insurance companies make up a considerable part of this list. As the country`s largest single employer, the federal government provides jobs with benefits to millions of people without the many veterans and their families for whom the government is required to purchase insurance. The federal government of the United States of America is the largest and largest consumer of goods and services in the world. This idea gave rise to the federal procurement data system, which is usually deceived by various organizations. The federal government is not just a buyer, it`s a collection of thousands of buyers who buy everything from paper clips, bolts and nuts to aircraft carriers. The federal government awarded Centene Corporation $2.6 billion in contracts in 2017 for public sector workers` health insurance. This contract represents a relatively small share of the company`s $60 billion in annual revenue. Like other healthcare companies on this list, Centene is a large publicly traded healthcare management company.
In 2016, Health Net Federal Services, one of the Department of Defense`s leading healthcare providers, became a subsidiary of Centene. Science Applications International Corporation provides technical, technical, and computer services primarily to the U.S. government. The vast majority of the company`s total revenues came from the government in fiscal years 2017, 2016 and 2015. In addition to the federal government, the company also works with state governments. In 2017, the company signed a $165 million contract with the state of Virginia to help the Virginia Information Technologies Agency modernize its technology infrastructure. In total, the government`s top 10 contractors received $214.2 billion of the $682 billion in major contracts awarded in FY20. BAE Systems is a British company known for its advanced defence technology that protects people and national security and ensures the security of critical information and infrastructure. Although BAE Systems is a British company, it has had several contracts with the US government. There are hundreds of contracting companies in the United States, most of which involve defense systems, research, and technology. In this article, we have listed the largest and most popular companies that are constantly working with the federal government. The process of being a government contractor can vary depending on the state in which the business is located.
Each country has different processes and procedures for becoming a registered government entrepreneur. Duncan Amos, a veteran analyst at Bloomberg Government, says the government`s five largest entrepreneurs have remained relatively stable over the past decade. These five main contractors are Lockheed Martin Corporation, Boeing, General Dynamics, Raytheon and Northrop Grumman. General Electric was removed from the Dow Jones Industrial Average of stocks last year after a poor market performance. The good news for this historic U.S. company was the increase in the total value of federal contracts awarded by GE from $1.9 billion in 2016 to $2.5 billion in fiscal 2017. In 2018, the company received a $631 million contract with the Department of Defense to repair fighter jet engines. The majority of companies that make the most of government are defense contractors, and much of Honeywell`s business is also in defense. Two of the company`s three largest government buyers are the Department of Defense and the U.S.
Military. The company`s products include cockpit avionics and electronics, navigation tools, engines and sensors. Federal government spending reached a new high of $682 billion in fiscal 2020. Both large and small businesses benefited from the growth in federal contract spending for the fifth consecutive year. BAE Systems received more contracts from the U.S. government in 2017 than any other overseas-based company. The UK-based company earned $5.3 billion in US taxpayer money in 2017. As a leading defense contractor, BAE Systems designs and manufactures combat aircraft, artillery systems, electronic equipment and surface combat vehicles. Nearly one-third of BAE`s 83,200 employees work in the United States.
While the U.S. government budget represents a potential constraint for Lockheed Martin, the company is eager to invest in innovation and expand its customer base. .