Biggest Government Contractors
Quote:According to Department of Defense documents, since 2001 contracts for services have increased 137%, compared to a 1% increase for payrolls of active duty military personnel over the same time period (in 2011 dollars), and is labeled as "increasingly unaffordable." However, among the largest government contractors are some of the largest companies in the country, some that employ more than 100,000 workers and draw a majority of their revenue from government sources.
To understand the spending involved, CNBC.com analyzed data from USASpending.gov, which was established in 2006 by the U.S. Office of Budget Management to make federal awards publicly available. According to the site, in FY2011 there were $536.8 billion in government contracts awarded to approximately 170,000 contractors. The data presented here are based solely on U.S. government contracts and do not include assistance, insurance, grants, loans or other forms of payment.
1. Lockheed Martin - Contracted in 2011: $39.98 billion - Total 2011 revenue: $46.30 billion
2. Boeing - Contracted in 2011: $21.45 billion - Total 2011 revenue: $68.73 billion
3. General Dynamics - Contracted in 2011: $19.47 billion - Total 2011 revenue: $32.67 billion
4. Raytheon - Contracted in 2011: $14.76 billion - Total 2011 revenue: $24.86 billion
5. United Technologies - Contracted in 2011: $7.90 billion - Total 2011 revenue: $58.2 billion
War Is A Racket...
Money well spent, I'm sure.
I'd like to know where Halliburton is on the list.
I am speaking of the life of a man who knows that the world is not given by his fathers, but borrowed from his children; who has undertaken to cherish it and do it no damage, not because he is duty-bound, but because he loves the world and loves his children… - Wendell Berry, 1971