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BGOV Market Profile: Research & Development

Bloomberg Government’s proprietary data and analytics cut through the noise by providing government contractors with market insights and actionable intelligence to gain a competitive edge. Stay ahead by reviewing the full R&D market profile – we’re providing you with:

Market wide contract spending totals for fiscal 2017 through fiscal 2022 and 2024 projections
Spending by market subcategory
Spending by agency
Major vendors
Key solicitations and expiring task orders

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Government research & development spending represents a total of $336 billion in procurement obligations from FY17 through FY22.

During that period, the Defense Department obligated $230 billion and outspent all civilian agency obligations combined.

The top 10 companies combined for $22 billion in FY22 R&D revenue, with Lockheed Martin leading the pack at $7.2 billion.

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