These are the top 10 government contractors

[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.”



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Most of the companies in the top 10 increased their revenue compared to last year, a result of the overall federal market’s increase of $83 billion from fiscal 2019 to 2020, or about 14%. Only one company, L3 Harris Technologies Inc., which moved from No. 10 to No. 11, dropped out of the top 10 rankings from last year.

The merger of top 10 mainstays Raytheon and United Technologies drove the newly formed Raytheon Technologies Corp. to No. 2 on the list. There were two newcomers to the top 10: TriWest Healthcare Alliance Corp. improved from No. 42 to No. 9, with a large jump in spending on its Patient-Centered Community Care contract, and Analytic Services Inc. improved from No. 21 to No. 6, due to a large amount of Covid-19 spending going through its consortium Advanced Technology International.

Altogether, of the $682 billion in prime contracts awarded in FY20, the top 10 government contractors received $214.2 billion.

  1. Lockheed Martin Corp.

Obligations: $75.8B

  1. Raytheon Technologies Corp.

Obligations: $28.1B

  1. General Dynamics Corp.

Obligations: $25.6B

  1. Boeing Co.

Obligations: $23.0B

  1. Northrop Grumman Corp.

Obligations: $14.7B

  1. Analytic Services Inc.

Obligations: $10.6B

  1. McKesson Corp.

Obligations: $10.0B

  1. Leidos Holdings Inc.

Obligations: $9.1B

  1. TriWest Healthcare Alliance Corp.

Obligations: $8.9B

  1. Huntington Ingalls Industries Inc.

Obligations: $8.0B

Despite stability among the top 10, we did see some significant market movers throughout the top 200 rankings:

  • Dell Technologies Inc. jumped 18 spots to No. 43. Agencies obligated $2.1 billion to Dell in fiscal 2020, $487 million of which was software and other information technology bought in reaction to Covid-19.
  • Deloitte continued its rise, to No. 31 from No. 34, after improving from No. 40 two years ago. Most of the increased obligations came in the professional services market, in areas like finance and auditing.
  • Maximus Inc. ranked No. 61 in fiscal 2020, up from No.164 in fiscal 2019, after winning large support services contracts at the Centers for Medicare and Medicaid Services and the Census Bureau.
  • Palantir Technologies Inc. improved to No. 191 from No. 348 after nearly quadrupling its unclassified footprint at the Department of the Army.


Go beyond the top 10 – explore the full BGOV200 list for individual company insights, industry trends, and spending forecasts for FY2021 and beyond.

Download the full report.



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