Laura Criste, federal market analyst at Bloomberg Government, discusses the latest ranking of top federal contractors, and major changes to the order between years.
In the 2019 fiscal year, the Department of Defense’s budget is likely to expand again. Appropriators are determining who will receive slices of this $700 billion pie. Bloomberg recently unveiled their annual list of top government contractors. Like last year, leading the list were the major defense firms. Below the top six however, the names were in a completely different order. “The reason for the top six staying the same is that they get a lot of money from government contracts. Lockheed Martin has more than double the contract obligations from the next contractor Boeing,” said Laura Criste, federal market analyst at Bloomberg Government. “When you get a little further down it’s a little easier for them to move around, but we’re still talking tens, hundreds of millions of dollars difference. One of the contractors that moved is Huntington-Ingalls, because they won a couple big shipbuilding contracts. That got them into the top ten.”