7th Annual Report Ranks Industry Leaders in Government Contracting
Washington, D.C. (July 12, 2018) — Contract spending in fiscal 2017 reached its highest level in five years, according to Bloomberg Government’s 2018 BGOV200 report, released today. The seventh annual BGOV200 study ranks the top 200 federal contractors by value of prime, unclassified contracts awarded by U.S. government agencies in fiscal 2017.
Large and small companies capitalized on the $512 billion dollars obligated in fiscal 2017, which is the largest amount since $522 billion was obligated in fiscal 2012.
The report also analyzes the top contracts at 24 agencies and in 27 different purchasing categories and explores how contractors have responded and performed over the past year. The list of the 200 companies can be found at https://about.bgov.com/bgov200/.
Lockheed Martin, Boeing Co., General Dynamics Corp., Raytheon Co., and Northrop Grumman Corp. occupy the top five BGOV200 rankings, maintaining their positions mostly through weapons production. Growth in the information technology and health markets boosted the 2017 performance of Huntington Ingalls Industries Inc. (No. 7), Leidos Holdings Inc. (No. 8), Centene Corp. (No. 12), and Triwest Healthcare Alliance Corp. (No. 28), companies that improved their rankings significantly.
Honeywell International Inc. (No. 13) increased its ranking by 22 spots with major Energy Department contract wins to manage two national laboratory sites. General Atomics Technologies Corp. (No. 21) climbed 11 slots as the government’s need for drones grew.
“Consistent with recent years, most of the market-moving companies in fiscal 2017 relied on spending in certain categories, such as information technology, to improve their positions,” said Donald Thomas, Bloomberg Government’s vice president and general manager for government contracting. “Fiscal 2017 also marked the emergence of new acquisition methods, such as the use of ‘other transaction authority’ for research and prototyping. Those acquisition methods have been widely popular and may have more of an impact on future BGOV200 results, but didn’t affect rankings that significantly in 2017.”
The BGOV200 report found:
- The share of total government obligations won by the top 200 was 64 percent, or $327 billion of $512 billion, which is about the same share of spending obligations won by BGOV200 companies in fiscal 2016.
- Overall, 92 companies improved their ranking from fiscal 2016 to fiscal 2017, while the same number, 92 companies, fell in the rankings.
- Sixteen companies, including those ranked No. 1 through No. 6, held the same positions as last year, while 26 companies entered the BGOV200 list this year.
For more information and insights from the team that compiled the BGOV200, join a complimentary webinar today, Thursday, July 12, from 2:00 – 3:00 p.m.
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