The 12th Annual
The top government contractors in 2022
FY22 was a robust rebound year for federal procurement, adding $43B in contract spending following what had been a down year in FY21.
The 12th annual BGOV200 ranks the top 200 vendors of 2022 by value of prime, unclassified contracts awarded by U.S. agencies in FY22. From FY21 to FY22, 108 companies joined the BGOV200 or improved their ranking. See who made the list.
BGOV200’s top 10 government contractors lists
Top Federal Contractors
The 200 vendors with the highest levels of federal procurement revenue accounted for 65.3% of $705B in prime, unclassified prime contracts in FY22. This chart details the top 10. Download the BGOV200 report for the complete list.
Top Defense Contractors
Pentagon procurement spending is increasingly aimed at rapidly transforming the U.S. security posture to more globally networked, data-centric platforms and tools. Check out the BGOV200 report for additional insight into the defense sector.
Top IT Contractors
Technology continues to be a massive contributor to federal market growth. FY22 brought a new high, with agencies investing in IT management, tech modernization, and cybersecurity requirements. See further analysis in the BGOV200 report.
How we formulated our report
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FAQs on the BGOV200 and our methodology
The BGOV200 ranks contractors by the value of their prime, unclassified government contract obligations for fiscal 2022.
The BGOV200 uses data from Bloomberg Government’s proprietary federal procurement database, derived from the Federal Procurement Data System – Next Generation (FPDS).
Joint ventures are listed separately if they don’t have a single majority parent company. However, if one parent company owns 51% or more, the joint venture is rolled up to the majority parent company.
The data is accurate as of May 2023, but federal procurement officials can retroactively update the government’s contract data system for up to five years.
This is due to differences in timing (companies generally don’t record contract awards as revenue until they are paid for their services), misalignment of corporate and federal fiscal years, and variations in how companies report revenue from subcontracts and joint ventures.
Rankings are based on net contract obligations, which is the funds that federal procurement officials report as obligated or reserved when contracts are signed.
Agencies sometimes deobligate unspent funds, which are recorded as negative dollar amounts. The contract totals in BGOV200 are the net sum of obligations and deobligations recorded for fiscal 2022.
Rankings are based on federal unclassified spending obligations as reported to FPDS. Spending for state and local government, intelligence agencies, and subcontracts spending data are not included.
Company assignments are based on mergers and acquisitions that were finalized before May 2023.
Prior year rankings and dollar totals referred to in the BGOV200 are for fiscal 2021 and were re-calculated with the latest data available from FPDS in March 2022.
Yes, inconsistencies in FPDS reporting can occur, and dollar amounts and their assignment to agencies and product/service categories are as reported in the FPDS.