Federal contract spending in fiscal 2017 reached $512 billion dollars, its highest level in five years. In a webinar today, Bloomberg Government analysts presented findings from the just-released seventh annual BGOV200 study. It ranks the top 200 federal contractors by value of prime, unclassified contracts awarded by U.S. agencies in fiscal 2017.
The top six contractors, led by Lockheed Martin Corp. at No. 1, retained the same ranking as in last year’s study.
Among the topics discussed at the webinar:
- Total contract spending increased by about 8 percent for the second year in a row.
- The top 200 contractors won 64 percent of all government obligations, worth $327 billion.
- Of the 27 spending categories analyzed, 22 increased obligations, while 5 decreased. Categories showing the greatest growth included sustainment materials and supply parts, fuel, support ships and small craft, and logistics services.
- While 92 companies improved their rankings in fiscal 2017, an equal number, 92, dropped below their 2016 positions.
Watch the webinar replay:
Participating in the webinar were Bloomberg Government Vice President & General Manager Donald Thomas; Deputy Director of Government Contracts Research Daniel Snyder; Federal Market Analyst Laura Criste; and Data Manager Tim Yeaney.
To request a copy of the webinar slides, please email us.