Image: DSM Forecasting International
“THE PROJECT ON GOVERNMENT OVERSIGHT (POGO)”
“In 2020, Lockheed Martin pocketed $76.8 billion, a whopping $48.6 billion more than No. 2 Raytheon’s $28.2 billion.
Atlantic Diving Supply (doing business as ADS Tactical) with more than $3 billion claims to be a small business. Both ADS and Fisher Sand & Gravel, which collected $2.5 billion, largely for its work on the wall along the U.S.-Mexican border have entries in the Federal Contractor Misconduct Database.”
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“The General Services Administration is out with its annual list (PDF) letting us taxpayers know who got how much cash in fiscal year 2020, which ended last September 30.
The big news involves Lockheed Martin, which tightened its grip on the top spot of contractors across the federal government. In 2020, LockMart pocketed $76.8 billion, a whopping $48.6 billion more than No. 2 Raytheon’s $28.2 billion haul. In 2019, it eclipsed
No. 2 Boeing by a far smaller $21 billion. And, in 2018, it topped No. 2 Boeing by “only” $11 billion. Lockheed’s boom is due primarily to several big F-35 contracts and a $15 billion deal to develop and produce C-130J cargo planes. Rounding out the top five were General Dynamics ($25.4 billion), Boeing ($23.2 billion) and Northrop Grumman ($14.6 billion).
As contractors have merged in recent decades, the dollars have become concentrated in a smaller number of firms, a trend we noted in the Military Industrial Circus in 2019. Raytheon moved up the chart last year after gobbling up much of United Technologies Corp. United Technologies sold off its storied Sikorsky helicopter division to Lockheed in 2015, plumping up Lockheed’s Pentagon business.
Beyond the traditional movers and shakers are a couple of relative newcomers. Clocking in at No. 23 is Atlantic Diving Supply (doing business as ADS Tactical) with more than $3 billion in Pentagon funding. The Project On Government Oversight recently took a look at the company and its claim to be a “small business.” And coming in at No. 31 was Fisher Sand & Gravel, which collected $2.5 billion, largely for its work on then-President Donald Trump’s wall along the U.S.-Mexican border. Remember: if you have concerns about any of these contractors, check out POGO’s Federal Contractor Misconduct Database.”
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