Top 20 defense contractors

Defense contractors lead Washington Technology's 2011 Top 100 list

Defense contractors are facing a market that on the macro level is contracting.

The budget-cutting knives are out for military spending, and no contractor is immune. In fact, the biggest names in the market – Lockheed Martin, Northrop Grumman, Boeing, General Dynamics and Raytheon – have all gone through rounds of layoffs, buyouts and other moves to reduce costs and streamline operations.

But even in a market that overall might be shrinking there are bright spots.

First, there is the sheer size of the market. The contractors on the 2011 Washington Technology Top 100 did $84.6 billion in prime defense contracts during fiscal 2010. The annual rankings analyze government procurement data in areas of information technology, systems integration, engineering services and professional services.

Even a reduction of 10 percent would still leave one of the largest markets in the world.

A second bright spot is the fact that there are pockets of growth within the defense market. And here is where you see many of the top players investing resources. These areas include cybersecurity, command and control systems, health IT, cloud computing and intelligence systems.

The rush toward these markets is driving many companies to make acquisitions to bolster their portfolios and you see the shedding of business units that are in less attractive segments of the market.

Below is a list of the top 20 defense contractors, derived from the 2011 Washington Technology Top 100 list, based on their 2010 defense contract revenue.

Rank   Top Defense Companies
(follow links for complete company profiles) 

Defense Revenue 
(2010)

1 Lockheed Martin Corp.

$10,888,633,000

2 Northrop Grumman Corp.

$8,212,891,000

3 Boeing Co.

$5,051,984,000

4 General Dynamics Corp.

$4,576,415,00

5 Raytheon Co.

$4,095,309

6 KBR Inc

$3,546,554,000

7 L-3 Communications Corp.

$3,332,433,000

8 Science Applications International Corp.

$3,280,980,000

9 DynCorp International Inc.

$2,398,874,000

10 Hewlett-Packard Co.

$2,344,325,000

11 Booz Allen Hamilton

$2,344,325,000

12 CACI International Inc.

$2,059,613,000

13 Harris Corp.

$1,993,623,000

14 Computer Sciences Corp.

$1,828,670,000

15 ITT Corp.

$1,808,674,000

16 Fluor Corp.

$1,742,216,000

17 BAE Systems Inc.

$1,381,184,000

18 Dell Inc.

$1,263,236,000

18 ManTech International Corp.

$1,167,928,000

20 United Technologies Corp.

$1,121,492,000

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