Top 20 Defense Contractors in 2013
While total revenues for the Defense News Top 100 are up +3%, defense-related revenues are down -3%. This is the second year of declining defense-related revenues. This revenue paradox for defense contractors is emblematic of a trend toward diversification toward commercial markets.
In 2013, Waltham-based defense giant Raytheon Co. secured 1,713 contracts valued at $3.3 billion; American Science and Engineering Inc. received 1,067 valued at $500M. But defense contractors in Massachusetts, the region and across the nation are bracing for budget reductions in the United States and elsewhere which will affect profits this fiscal year.
20.) ITT Exelis Inc. - Profit: $ 1.80 billion
Exelis is a diversified, top-tier global aerospace, defense, information and services company that leverages a 50-year legacy of deep customer knowledge and technical expertise to deliver affordable, mission-critical solutions for global customers.
19.) Triwest Healthcare Alliance Corp. - Profit: $ 1.82 billion
We are looking to our future and an exciting new chapter in our company’s evolution. And that future includes delivering on our commitments to provide behavioral health services to the U.S. Marine Corps through the DSTRESS Line, as well as handling patient appointing at various military clinics throughout the country.
18.) Supreme Group Holding - Profit: $1.87 billion
Founded in 1957, Supreme Group is a global leader in the provision of end-to-end supply chain solutions to defense, government, and energy & extractives sector clients in challenging environments around the world. The Group has operations across five continents; supported by a team of 8,500 employees of 70 different nationalities.
17.) Bell-Boeing Joint Project Office - Profit: $2.01 billion
Bell Helicopter, a subsidiary of Textron, Inc., is a $1.6 billion, producer of commercial and military helicopters, including the tiltrotor aircraft. Bell’s global workforce of over 8,000 employees serves customers in over 120 countries. A unit of The Boeing Company, Boeing Integrated Defense Systems provides network-centric system solutions to military, government, and commercial customers.
16.) General Electric Company - Profit: $2.21 billion
Across GE, we pride ourselves on driving rigor, operational excellence, and enhanced customer value. That’s why we’re placing some big bets on nearly 40 high impact projects that will help increase our speed to market, improve the quality of our products and services, significantly reduce costs, and drive competitive advantage for our customer and our company.
15.) Veritas Capital Fund II L.P - Profit: $2.34 billion
Veritas Capital is a leading private equity firm focused on investments in middle market companies supported largely by a government-related customer base.
14.) Bechtel Group Inc. - Profit: $2.47 billion
Bechtel is among the most respected engineering, procurement, and construction companies in the world. Bechtel operates through five global business units that specialize in civil infrastructure; power generation; communications and transmission; mining and metals; oil, gas and chemicals; and government services.
13.) Textron Inc. - Profit: $2.50 billion
Textron Inc. is not only one of the world's best known multi-industry companies, it is a pioneer of the diversified business model. Founded in 1923, we have grown into a network of businesses with total revenues of $12.2 billion, and approximately 33,000 employees with facilities and presence in 25 countries, serving a diverse and global customer base.
12.) Huntington Ingalls Industries Inc. - Profit: $2.66 billion
Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder.
11.) Health Net Inc. - Profit: $2.85 billion
Helping people make the most of their health with health plans that are relevant, local and affordable is what we’re all about. We leverage our longstanding presence in the Western U.S. and work collaboratively with our business partners to champion solutions that meet the needs of our customers today – and continue providing value in the future.
10.) SAIC Inc. - Profit: $3.23 billion
SAIC is a leading technology integrator providing full life-cycle services and solutions in the technical, engineering, and enterprise information technology markets. SAIC’s deep domain knowledge and customer relationships enable the delivery of systems engineering and integration offerings for large, complex government and commercial projects.
9.) Humana Inc. - Profit: $3.39 billion
Humana Military Healthcare Services is a Third Party Administrator of Tricare health insurance benefits for retired and active duty military personnel in the Southeast United States as well as Puerto Rico. We have over 2.6 million members. We operated in ten states with over 80 locations, most on military bases, and have over 1500 employees.
8.) BAE Systems - Profit: $3.67 billion
BAE Systems is a global defense, aerospace and security company employing around 88,200 people worldwide. Our wide-ranging products and services cover air, land and naval forces, as well as advanced electronics, security, information technology, and support services.
7.) United Technologies Corp. - Profit: $4.85 billion
UTC’s industry-leading businesses include Otis elevators and escalators; UTC Climate, Controls & Security, which includes Carrier heating, air-conditioning and refrigeration systems; Sikorsky helicopters; Pratt & Whitney aircraft engines; and UTC Aerospace Systems.
6.) L-3 Communications Corp. - Profit: $4.89 billion
Headquartered in New York City, L-3 employs approximately 51,000 people worldwide and is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, platform and logistics solutions, and national security solutions.
5.) General Dynamics Corp. - Profit: $10.7 billion
General Dynamics focuses on creating shareholder value while delivering superior products and services to military, other government and commercial customers. The company emphasizes excellence in program management and continual improvement in all of its operations.
4.) Raytheon Company - Profit: $11.45 billion
Raytheon: Aspiring to be the most admired defense and aerospace systems company through our world-class people, innovation and technology. Raytheon Company is a technology and innovation leader specializing in defense, security and civil markets throughout the world.
3.) Northrop Grumman Corp. - Profit: $11.47 billion
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cybersecurity, C4ISR, and logistics and modernization to government and commercial customers worldwide. On the Northrop Grumman team, your job is to secure the world.
2.) The Boeing Company - Profit: $17.87 billion
Our over 170,000 professionals design and manufactures rotorcraft, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training for airlines and U.S. and allied government customers in more than 90 countries.
1.) Lockheed Martin Corp - Profit: $26.44 billion
Our employees are the core of our business here at Lockheed Martin. As the leading global security & aerospace company—and the #1 IT provider to the U.S. government—Lockheed Martin is a 116,000 person-strong team working to support the U.S. and its allies in the research, development and sustainment of advanced technology systems & services worldwide