Federal Contractors

Federal Contractors is a data page on the People & Money desk of Glassbox Auditing. The companies paid the most under federal contracts since 2008, each against its own history, how concentrated federal buying is and the officers named on the largest awards. Contracts carry federal spending into company revenue, especially for defense, health and technology firms.

Last updated: 30 Sep 2025.

What is the latest reading?

All federal contract obligations by fiscal year: 779 $B as of 2025, +45.1% since 2008. Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.

What is on this page today?

Leidos: $10.1B in federal contracts in FY2025, +2% on FY2024 — $9.93B in FY2024 (USAspending.gov, 30 Sep 2025) LDOS
All federal contracts: $779B in federal contracts in FY2025, +5% on FY2024 — Obligations (money committed) under federal contracts; $741B in FY2024; number 1 of 18 fiscal years since FY2008 (USAspending.gov (U.S. Treasury), 29 Sep 2025)
L3HARRIS Technologies: $7.3B in federal contracts in FY2025, -13% on FY2024 — $8.44B in FY2024 (USAspending.gov, 30 Sep 2025) LHX
Fluor: $6.47B in federal contracts in FY2025, -1% on FY2024 — $6.55B in FY2024 (USAspending.gov, 30 Sep 2025) FLR
Lockheed Martin Corporation: $74.8B in federal contracts in FY2025, +52% on FY2024 — Number 1 federal contractor · 9.60% of all contract obligations · $49.2B in FY2024 · Largest industries, share of its contracts: Aircraft Manufacturing 53%, Guided Missile and Space Vehicle Manufacturing 21% (USAspending.gov (U.S. Treasury), 29 Sep 2025) LMT
Textron: $3.45B in federal contracts in FY2025, +47% on FY2024 — $2.35B in FY2024 (USAspending.gov, 30 Sep 2025) TXT
Triwest Healthcare Alliance Corp: $13.4B in federal contracts in FY2025, +60% on FY2024 — Number 5 federal contractor · 1.72% of all contract obligations · $8.38B in FY2024 · Largest industries, share of its contracts: Health insurance carriers 97%, Pharmacy Benefit Management and Other Third Party… (USAspending.gov (U.S. Treasury), 29 Sep 2025)
General Electric: $3.26B in federal contracts in FY2025, +11% on FY2024 — $2.94B in FY2024 (USAspending.gov, 30 Sep 2025) GE
General Dynamics Corp: $34B in federal contracts in FY2025, +65% on FY2024 — Number 2 federal contractor · 4.37% of all contract obligations · $20.6B in FY2024 · Largest industries, share of its contracts: Ship Building and Repairing 54%, Engineering Services 22% (USAspending.gov (U.S. Treasury), 29 Sep 2025) GD
Bae Systems Plc: $3.2B in federal contracts in FY2025, +20% on FY2024 — $2.68B in FY2024 (USAspending.gov, 30 Sep 2025) BA.L
SpaceX: $3.01B in federal contracts in FY2025, -11% on FY2024 — $3.4B in FY2024 (USAspending.gov, 30 Sep 2025) SPCX
Unitedhealth Group Incorporated: $25.4B in federal contracts in FY2025, +35% on FY2024 — Number 3 federal contractor · 3.26% of all contract obligations · $18.8B in FY2024 · Largest industries, share of its contracts: Health insurance carriers 89%, Offices of Physicians 10% (USAspending.gov (U.S. Treasury), 29 Sep 2025) UNH
Leonardo S.P.A.: $1.66B in federal contracts in FY2025, +19% on FY2024 — $1.39B in FY2024 (USAspending.gov, 30 Sep 2025) LDO.MI
The ten largest federal contractors took 28.0% of contract obligations in FY2025, 23.1% in FY2024 — top 25 36.9% · top 50 43.8% · the ten took 30.9% in FY2008 · a rising share means fewer companies hold more of the government's business (USAspending.gov (U.S. Treasury), 29 Sep 2025)
The Boeing Company: $22.6B in federal contracts in FY2025, -7% on FY2024 — Number 4 federal contractor · 2.90% of all contract obligations · $24.4B in FY2024 · Largest industries, share of its contracts: Aircraft Manufacturing 55%, Other Aircraft Parts and Auxiliary Equipment Manufacturing 9% (USAspending.gov (U.S. Treasury), 29 Sep 2025) BA
Oshkosh: $1.58B in federal contracts in FY2025, +8% on FY2024 — $1.46B in FY2024 (USAspending.gov, 30 Sep 2025) OSK
Mckesson Corporation: $11.9B in federal contracts in FY2025, +44% on FY2024 — Number 6 federal contractor · 1.53% of all contract obligations · $8.27B in FY2024 · Largest industries, share of its contracts: Pharmaceutical Preparation Manufacturing 100%, Drugs and Druggists' Sundries Merchant… (USAspending.gov (U.S. Treasury), 29 Sep 2025) MCK
Northrop Grumman Corporation: $10.6B in federal contracts in FY2025, -29% on FY2024 — Number 7 federal contractor · 1.36% of all contract obligations · $14.9B in FY2024 · Largest industries, share of its contracts: Guided Missile and Space Vehicle Manufacturing 21%, Engineering Services 17% (USAspending.gov (U.S. Treasury), 29 Sep 2025) NOC
Huntington Ingalls Industries: $1.58B in federal contracts in FY2025, -24% on FY2024 — $2.07B in FY2024 (USAspending.gov, 30 Sep 2025) HII
55% of Lockheed Martin Corporation's federal contract obligations in FY2025 were for work done in Texas — the state where the work is performed (not where the company is based), the largest for each of the five largest contractors: General Dynamics Corp 63% in Connecticut; Unitedhealth Group Incorporated 83% in Virginia (USAspending.gov (U.S. Treasury), 29 Sep 2025)

Where does the data come from?

Items on this page come from USAspending.gov; USAspending.gov (U.S. Treasury). Each item links to its own source. All sources, how items are checked.

What does this page lead to?

Government Stakes (Companies): Federal Contractors lists a company's contracts and grants from a department; Government Stakes lists the company's filings that name a department as holder or counterparty of its equity or a price floor. (moves the same way; quarters to years; company scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Company Reports (Calendar): For defense and government-services firms federal obligations are a large share of revenue, so a rise in their awards tends to show up as backlog and revenue in later quarterly reports. (moves the same way; 1-4 quarters; company scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Stock by Stock (Markets): The Defense Department announces every contract worth $7.5 million or more each business day, and large awards or cancellations can move the named contractor's shares. (moves the same way; same day; company scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Cloud & Hubs (Companies): Federal cloud contracts such as the Pentagon's $9 billion JWCC, split in 2022 among Amazon, Google, Microsoft and Oracle, add government revenue to the cloud providers on Cloud & Hubs. (moves the same way; years; company scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Supply Map (Companies): Prime contractors pass part of each award to subcontractors and suppliers (USAspending lists the subawards), so a large award reaches the companies upstream of the prime on Supply Map. (moves the same way; quarters; sector scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Budget & Spending (Macro): Contract obligations are a large part of federal spending; they move with appropriations and turn into the outlays on Budget & Spending as the work is paid for. (moves the same way; months (obligations come first); economy scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Labor Market (Macro): Contract money pays for jobs at the contractors and their suppliers, concentrated around bases and agency hubs in Virginia, Maryland, Texas and California. (moves the same way; months; economy scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Political Money (People & Money): The largest contractors run large company PACs that give to members of the armed services and appropriations committees that fund their programs; each member's PAC receipts are on Political Money. (either way, depending on the cause; election cycle; sector scale) Source: FEC bulk data: contributions from committees to candidates.

What feeds this page?

Watchlist & Alerts (Briefing): A new-contract alert marks a new federal award, which adds to the contractor's backlog and revenue over the life of the contract. (moves the same way; over the award's life; company scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Government Stakes (Companies): Stakes, warrants and price floors are terms of funding agreements, loans or purchase commitments with a department; the same company's federal awards are listed on Federal Contractors. (moves the same way; quarters to years; company scale) Source: SEC EDGAR full-text search: filings naming a federal department or agency with the company's equity, warrants, preferred stock, a price floor or an offtake.
Universities (Education): Johns Hopkins, MIT and the University of California are among the largest recipients of federal research money (USAspending), much of it defense and health work, so federal awards flow straight into their budgets. (moves the same way; months; sector scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Companies & Research (Education): SBIR and STTR awards are federal contracts and grants to small firms, and some winners go on to larger federal contracts, shown in USAspending. (moves the same way; months; company scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Military & Airspace (Global Intelligence): Deployments and wars draw down munitions and equipment, and the Pentagon's replacement orders go to the prime contractors listed in federal awards. (moves the same way; months to years; sector scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Organized Violence (Global Intelligence): U.S. aid to countries at war, such as Ukraine since 2022, is largely spent with U.S. arms makers, and replacing donated stocks adds new Pentagon contracts. (moves the same way; months to years; sector scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Border (Immigration): Detention and transport are largely run by contractors such as GEO Group and CoreCivic, so enforcement spending flows to them through ICE contracts. (moves the same way; months; sector scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Budget & Spending (Macro): Discretionary spending, defense above all, is paid out largely through contracts, so higher appropriations tend to raise awards to the largest federal contractors. (moves the same way; months to a year; company scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Government (People & Money): Congress appropriates and agencies award contracts, so changes at the Pentagon, the appropriations committees and the White House budget office shift which contractors get paid. (either way, depending on the cause; 1-2 fiscal years; sector scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Trades & Committees (People & Money): Trades & Committees shows a contractor's obligations and top awarding agencies beside the trades members filed in it; Federal Contractors holds the obligations by agency and fiscal year behind those figures. (either way, depending on the cause; 1-2 fiscal years; company scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.
Alliances & Blocs (World Powers): NATO's spending target (2% of GDP, raised to 5% by 2035 at the 2025 summit) lifts allies' defense purchases, much of it from U.S. contractors through foreign military sales. (moves the same way; years; sector scale) Source: USAspending.gov (U.S. Treasury): federal contracts, grants and loans by recipient.