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28% of Federal Contract Funds Go to Just 10 Companies…All Make Weapons Systems
Posted By aaron On June 11, 2012 @ 12:29 pm In War on Terror | Comments Disabled
June 11, 2012
[...] According to a summary of the top federal contractors produced by the Federal Procurement Data System, the Defense Department gave out $372.8 billion (70%) of the $532.6 billion in government contract spending in fiscal year 2011, with just 10 arms makers accounting for 28% of all contracting dollars, up from 25% a year before, and the top 5 accounting for 20.8%.
[...] Lockheed-Martin, which has been the largest government contractor every year since 1995, collected $42.9 billion, an increase of $7.1 billion over 2010 and almost double the haul of Boeing ($22.1 billion), and far ahead of General Dynamics ($19 billion), Raytheon ($14.4 billion) and Northrop Grumman ($12.8 billion). Put another way, Lockheed-Martin got 11.5% of defense contract dollars and 8% of all contract funds. Boeing also saw an increase of $2.7 billion.
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