[Bloomberg Government has launched the tenth annual BGOV200, a ranking of the top federal contractors. See the list and download the report.]
Federal government spending reached a new high in fiscal 2020 – $682 billion. Both large and small companies capitalized on the fifth straight year of federal contract spending growth.
This year’s BGOV200 report focuses on companies and broad trends in the market and explores the contract dynamics of the past year and the performance of successful contractors. The share of total government obligations won by the top 200 contractors was 65 percent, about the same as in fiscal 2019.
The 10th annual BGOV200 ranks the top 200 federal contractors by prime unclassified contracts awarded by federal agencies in fiscal 2020. There has been remarkable consistency among the top 10 recipients, and this is especially true for the top five contractors, but overall, 98 companies improved their rankings, including 45 that are new entrants to the list this year.
“As it’s been for the past decade, the so-called ‘Big Five’ defense contractors take the top spots on this year’s BGOV200: Lockheed Martin (No. 1), Raytheon (No. 2), General Dynamics (No. 3), Boeing (No. 4), and Northrop Grumman (No. 5),” said Bloomberg Government analyst Laura Criste.
“But spending to combat Covid-19 pushed a record number of companies into the BGOV200 for the first time.”