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Defense Economics Research
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Top U.S. defense contractors.

The prime contractors receiving the most U.S. Department of Defense contract dollars over the trailing 12 months.

Trailing 12 months · July 14, 2025 – July 14, 2026 · aggregated from federal award data
Top 20 combined
$
Largest prime
$
Captured by top 5
%
#1
Lockheed Martin Corporation
$56.62B
35.9% of tracked total
#2
The Boeing Company
$21.66B
13.7% of tracked total
#3
Raytheon Company
$13.44B
8.5% of tracked total

Defense contracting is heavily concentrated: the top five primes alone capture 68% of the tracked total. The chart below ranks the 20 largest recipients of DoD contract obligations, merged by parent company, over the trailing 12 months.

Ranked by 12-month award value

01
Lockheed Martin Corporation$56.62B
02
The Boeing Company$21.66B
03
Raytheon Company$13.44B
04
Electric Boat Corporation$9.59B
05
RTX Corporation$6.22B
06
Amerisourcebergen Drug Corp$6.07B
07
Huntington Ingalls Inc$5.28B
08
Humana Government Business Inc$5.10B
09
Triwest Healthcare Alliance Corp$5.07B
10
Atlantic Diving Supply, Inc.$4.77B
11
Sikorsky Aircraft Corporation$4.25B
12
Northrop Grumman Systems Corp$3.02B
13
Booz Allen Hamilton Inc$2.26B
14
Leidos, Inc.$2.25B
15
Bath Iron Works Corporation$2.23B
16
Sierra Nevada Company, LLC$2.18B
17
Amentum Services, Inc.$2.04B
18
Bechtel Plant Machinery, Inc.$1.97B
19
Fluor Marine Propulsion, LLC$1.94B
20
Bell Textron Inc$1.94B

Source: U.S. Treasury USAspending.gov award data, DoD contract obligations (July 14, 2025 – July 14, 2026), merged by parent company. Large recent awards can lag in federal reporting. See Methodology.