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Government Contractors in the US Product Image

Government Contractors in the US

  • Published: December 2013
  • Region: United States
  • 10 pages
  • First Research

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Brief Excerpt from Industry Overview Chapter:

Companies in this industry produce goods or services under contract for the US federal government. Major federal contractors include Boeing, General Dynamics, Lockheed Martin, Raytheon, and United Technologies Corporation.

The US government spent about $460 billion in fiscal year ended September 2012 on contracts to buy goods and services, including more than $310 billion for defense-related items, from about 150,000 companies. Key drivers of industry growth include government revenues and regulations.

State and local governments also spend money on contracts, especially those related to major capital projects such as highways, bridges, and public buildings. Spending varies widely by state and by local government entity.

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Industry Overview
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