Top 100 Defense Contractors 2022 and Top 10 Future Defense Programs

Defense spending is on the rise thanks to continuing conflict in Ukraine and to saber rattling in Asia over Taiwan and on the Korean Peninsula.  Consequently, top contractors such as Lockheed Martin, RTX (née Raytheon Technologies), and General Dynamics have seen strong increases in their defense contracts. Meanwhile, pharmaceutical companies have remained key funding recipients as the nation and the world recover from the COVID-19 pandemic.

The following is excerpted from the U.S. General Services Administration’s Top 100 Contractors Report – Fiscal Year 2022.  This section is focused only on U.S. Department of Defense contract awards, not the whole of the federal government.

This list of the Top 100 U.S. Department of Defense prime contractors is ranked by total contract funds awarded. According to USAspending.gov, the DoD had defense contract award obligations of $424.1 billion in FY22, up 7 percent from $395.7 billion in FY21.

The top 100 FY22 contractors accounted for $274.0 billion (65 percent) of the obligated dollars, compared to $245.76 billion (62 percent) in FY21. In FY22, the DoD’s share of available funding was $1.64 trillion, or 14.3 percent, of the FY22 U.S. federal budget. This is an increase of 8.6 percent compared to the DoD’s share of the U.S. federal budget for FY21 of $1.51 trillion, or 12.4 percent.

Sign Up For a Free Download
First Name — REQUIRED
Last Name — REQUIRED
Email Address — REQUIRED
Phone Number
Organization Name — REQUIRED
Job Title
Country:

By submitting this request, I agree to Forecast International's terms and conditions, which include permission for Forecast International to send periodic promotional materials via email.
Your privacy is very important to us. We protect your personal information as if it were our own and we do not provide or sell this information to any other group or organization. You may opt out of our email promotions at any time by selecting opt out, and your email address will be permanently removed from our list.