Top 10 U.S. Defense Firms Receive Contracts Worth $150B in 2022

The Department of Defense Office of Local Defense Community Cooperation stated in its Fiscal Year 2022 Defense Spending by State report today that the top 10 defense firms secured U.S. defense contracts totaling $149.3 billion last year.

The report presents various findings, including total spending figures, categories of contracted goods and services, major defense vendors, numbers and types of defense personnel, and, for the first time, grants awarded by the DoD.

Lockheed Martin leads the list of DoD's top recipients of defense contracts with $44.5 billion. The other nine companies on the list are Raytheon Technologies ($25.4 billion), General Dynamics ($21.5 billion), Pfizer, Inc. ($16.7 billion), Boeing ($14.2 billion), Northrop Grumman ($12.8 billion), Humana ($7.7 billion), L3Harris Technologies ($6.2 billion), Huntington Ingalls ($6.1 billion), and BAE Systems ($4.9 billion).

Nine of the ten companies were also on this list in Fiscal Year 2021. BAE Systems replaced Moderna, Inc., which was an anomaly in 2021 due to the federal government's response to the COVID-19 pandemic.