The United States Federal Government relies heavily on contractors of all sizes to fulfill a wide range of needs: from defense and aerospace to transportation and technology. These contacting companies play a crucial role in supporting government operations and ensuring national security.
In this article, we’re looking closely at some of the top federal contractors, highlighting the federal agencies they contract for most, and breaking down just how much they were awarded in the last fiscal year and where they’re positioned now.
Top government contractors
Here’s a look at the top ten federal contractors, along with the total contract value awarded to each. It’s important to note that this data (sourced from USASpending.gov and SAM.gov’s Top 100 Data Bank) is based on available figures for prime contracts awarded over FY 2022.
Rank |
Contracting Company |
Amount Awarded |
| 1 | Lockheed Martin Corporation | $47,693,579,615 |
| 2 | Raytheon Technologies Corporation | $26,960,220,643 |
| 3 | General Dynamics Corporation | $24,702,133,029 |
| 4 | Pfizer Inc. | $18,020,268,103 |
| 5 | The Boeing Company | $16,558,871,755 |
| 6 | UnitedHealth Group Inc. | $15,086,037,152 |
| 7 | Northrop Grumman Corporation | $14,510,151,987 |
| 8 | McKesson Corporation | $12,280,942,993 |
| 9 | Leidos Holdings Inc. | $9,819,908,316 |
| 10 | Humana Inc. | $7,788,954,844 |
Ranking the 10 biggest government contractors of 2024
The following government contracting companies play pivotal roles in supporting various federal functions. Below are more details on the largest government contracting companies (such as their top NAICS codes) to help you better understand their contributions during the previous fiscal year.
1. Lockheed Martin Corporation
Lockheed Martin is a prominent defense contractor that deals in aeronautics and technology. They’re known for developing fighter jets, missile defense systems, and cybersecurity solutions. It is one of the largest federal contractors, particularly for the Department of Defense (DoD).
- Headquarters: Bethesda, Maryland
- Largest Awarding Agency: Department of Defense
- Top NAICS Codes:
- 336411 – Aircraft Manufacturing
- 336413 – Other Aircraft Parts and Auxiliary Equipment Manufacturing
- 541715 – Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
2. Raytheon Technologies Corporation
Raytheon Technologies Corporation, another giant in the defense and aerospace industry, is renowned for its advanced technology solutions. The company specializes in defense electronics, missile systems, and cybersecurity. Raytheon Technologies’ work includes the development of the Patriot missile defense system and a variety of radar and satellite communication systems.
- Headquarters: Arlington, Virginia
- Largest Awarding Agency: Department of Defense
- Top NAICS Codes:
- 336412 – Aircraft Engine and Engine Parts Manufacturing
- 336414 – Guided Missile and Space Vehicle Manufacturing
- 334511 – Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
3. General Dynamics Corp
General Dynamics is a diversified defense contractor known for its work in aerospace, land systems, and marine systems. The company manufactures submarines, combat vehicles, and communication systems, among other products. Notably, General Dynamics is responsible for the production of the Virginia-class submarines and the Stryker armored combat vehicle.
- Headquarters: Reston, Virginia
- Largest Awarding Agency: Department of Defense
- Top NAICS Codes:
- 336611 – Ship Building and Repairing
- 541330 – Engineering Services
- 336992 – Military Armored Vehicle, Tank, and Tank Component Manufacturing
4. Pfizer Inc.
Pfizer, a global pharmaceutical giant, has played a significant role as a federal contractor, especially in recent times. The company’s partnership with the government was pivotal during the COVID-19 pandemic. Pfizer’s swift development and distribution of one of the first authorized vaccines exemplify its critical role in public health. As a federal contractor, their work extends beyond Covid-19 to providing essential medications and vaccines, contributing to national preparedness and response efforts.
- Headquarters: New York, New York
- Largest Awarding Agency: Department of Defense
- Top NAICS Codes:
- 325412 – Pharmaceutical Preparation Manufacturing
- 325411 – Medicinal and Botanical Manufacturing
- 493120 – Refrigerated Warehousing and Storage
5. The Boeing Company
As one of the largest federal contractors and household names outside of contracting, Boeing provides the government with military aircraft, satellites, and other technologies. As a contractor, Boeing supports the federal government not only through production but also through ongoing maintenance, upgrades, and technical support, ensuring the longevity and effectiveness of its products. Its notable projects include the development of the F/A-18 Super Hornet, the KC-46 tanker, and the Space Launch System (SLS) for NASA.
- Headquarters: Arlington, Virginia
- Largest Awarding Agency: Department of Defense
- Top NAICS Codes:
- 336411 – Aircraft Manufacturing
- 336413 – Other Aircraft Parts and Auxiliary Equipment Manufacturing
- 336414 – Guided Missile and Space Vehicle Manufacturing
6. Northrop Grumman Corporation
Northrop Grumman is a key player in aerospace and defense technology providing advanced technological solutions and strategic support, enhancing the U.S. military’s capabilities and readiness. The company is most often contracted to produce combat drones, bombers, and aircraft carriers for the US Navy. Beyond that, Northrop Grumman’s most notable projects include the development of the B-2 Spirit stealth bomber and the RQ-4 Global Hawk unmanned aerial vehicle.
- Headquarters: Falls Church, Virginia
- Largest Awarding Agency: Department of Defense
- Top NAICS Codes:
- 336414 – Guided Missile and Space Vehicle Manufacturing
- 541715 – Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
- 336411 – Aircraft Manufacturing
7. Optum Public Sector Solutions Inc
Working behind the scenes in healthcare, Optum, which is a part of UnitedHealth Group, delivers health services and IT solutions to the federal government. Specializing in data analytics, health management, and IT infrastructure, Optum supports government health programs. Its role as a contractor includes managing large-scale health data, improving public health outcomes, and enhancing the efficiency of healthcare delivery through innovative technology.
- Headquarters: Eden Prairie, Minnesota
- Largest Awarding Agency: Department of Veterans Affairs
- Top NAICS Codes:
- 524114 – Direct Health and Medical Insurance Carriers
- 541519 – Other Computer-Related Services
- 541211 – Offices of Certified Public Accountants
8. Mckesson Corporation
As one of the major pharmaceutical distributors, McKesson supplies medications and medical-surgical supplies to government agencies and healthcare facilities. As a government contractor, McKesson supports the government’s healthcare needs, particularly during emergencies and initiatives aimed at public health. In part due to their incredible logistical capabilities and distribution network, they can ensure the availability of essential medications and healthcare products throughout the states.
- Headquarters: Irving, Texas
- Largest Awarding Agency: Department of Veterans Affairs
- Top NAICS Codes:
- 325412 – Pharmaceutical Preparation Manufacturing
- 325411 – Medicinal and Botanical Manufacturing
- 339112 – Surgical and Medical Instrument Manufacturing
9. Leidos Holdings, Inc.
Known for its work in cybersecurity, intelligence, and surveillance systems, Leidos offers complex systems integration and mission support. Known for its work in cybersecurity, intelligence, and surveillance systems, Leidos offers complex systems integration and mission support. As a federal contractor, Leidos plays a crucial role in safeguarding national security and enhancing the technological capabilities of government agencies.
- Headquarters: Reston, Virginia
- Largest Awarding Agency: Department of Defense
- Top NAICS Codes:
- 541512 – Computer Systems Design Services
- 621111 – Offices of Physicians (except Mental Health Specialists)
- 541715 – Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
10. Humana Inc.
Rounding out this list of the top 10 government contractors is Humana, one of the largest health insurance providers in the country. As a federal contractor, they offer plans such as Medicare to retirees and Tricare to military members and their families. One of the company’s biggest roles involves focusing on preventative care to improve outcomes and reduce costs for government-funded programs.
- Headquarters: Louisville, Kentucky
- Largest Awarding Agency: Department of Defense
- Top NAICS Codes:
- 524114 – Direct Health and Medical Insurance Carriers
- 621498 – All Other Outpatient Care Centers
- 621999 – All Other Miscellaneous Ambulatory Health Care Services
Learn how you can bid on contracts alongside companies like Lockheed Martin
While these numbers can seem daunting for a small business, there are federal programs that level the playing field. In fact, one goal for the federal government is to ensure at least 23% of contracting funds are “set aside” for small businesses. Additionally, that includes awards to small businesses certified in specific socio-economic criteria. Here are contracting dollar award goals for various SBA categories:
- Small disadvantaged businesses – 12%
- Women-owned small businesses – 5%
- Service-disabled veteran-owned small businesses – 3%
- Small businesses in a HUBZone – 3%
To stand out and position your small business strategically among the biggest government contractors, take the crucial next step by getting registered and exploring exclusive federal contracts. For personalized assistance tailored to your goals, we can help.
Whether you’re a seasoned contractor or a new small business owner, our team of experts is ready to guide you through the intricacies of federal contracting. Your journey to federal contracting excellence starts with us.
Call us today to explore how you can maximize your awards, make a lasting impact, and thrive in the competitive realm of federal contracting!
