Boeing
WASHINGTON — From fiscal year 2020 through 2024, the Pentagon awarded an extraordinary $771 billion in contracts to just five companies: Lockheed Martin, RTX (formerly Raytheon), Boeing, General Dynamics, and Northrop Grumman. Data compiled from federal contracting records and independent analysis shows these firms accounted for roughly one-third of all Department of Defense contract obligations during the period — a concentration that raises questions about competition, cost control, and strategic dependence.
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A hasty U.S. withdrawal from Afghanistan as the Taliban overpowered the government and took control of the capital left many wondering what happened to the trillions of dollars spent over the last two decades since 2001.
Around $300 million a day was spent according to a Brown University calculation – that was spent on private contractors to power the logistics. Private contractors served largely as hired guns, but also as cleaners, cooks, construction workers, technicians, and servers on sprawling U.S. bases.
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No surprise, Lockheed Martin is #1 on our list earning $59.8 billion in 2020 with 95% of their revenue from Defense.
According to CEO James Taiclet, our dedicated workforce and resilient supply chain continued to support our customers' vital national security missions, overcoming the challenges of the pandemic," Lockheed Martin president and CEO. "As a result, we delivered strong results across our key financial metrics and we expect to build on this success through the remainder of the year. Looking ahead to 2021, we remain focused on driving innovation and growing our assets and capabilities to further benefit our customers and shareholders.
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The Boeing Co., St. Louis, Mo., is being awarded an indefinite-delivery/indefinite-quantity contract with an estimated ceiling-price of $872,766,714 for system upgrades for F/A-18 A/B, C/D, E/F and EA-18G aircraft for the U.S. Navy and the governments of Australia, Finland, Switzerland, Kuwait, Malaysia, and Canada. This contract provides for deliverables and services based on System Configuration Set life cycle phases for the aircraft. Work will be performed in St. Louis, Mo. (95 percent) and China Lake, Calif. (5 percent), and is expected to be completed in December 2018.
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