With a military budget of $940 billion, the United States is the world’s largest military spender. The US Department of Defense has billion-dollar contracts with organizations all around the world. The Boeing Company is one of the main contractors. In terms of income earned by top defense contractors, the military industry has seen substantial expansion. Military spending has increased consistently over the last five years, reaching $1.92 trillion. Rising geopolitical tensions between the United States and its allies.
Insider Monkey states the list of top defense contractors in 2021. Bechtel Corp. has a $1.691 billion defense contract with the US Department of Defense. Infrastructure, environmental cleaning, energy, mining and metals, management, and petrochemicals are the primary industries in which the corporation operates. The US Department of Defense has awarded Booz Allen Hamilton Holding Corp. a $2.287 billion defense contract. The corporation was created in 1914 and is now one of the world’s leading defense contractors. It helps the Department of Defense with intelligence, transportation, commercial, health, energy, law enforcement, and other services. SAIC is a spin-off company from the original SAIC, which is now called Leidos. Defense, civilian, space, and intelligence markets are all served by the company. It is ranked 13th among the leading defense contractors. The US Department of Defense has awarded Oshkosh Corporation a $2.498 billion defense contract. It began as Oshkosh Truck in 1917 but has since expanded to include commercial and defense brands. The US Department of Defense has awarded Leidos Holdings, Inc. a $3.043 billion defense contract. In the areas of aviation, defense, intelligence, energy, healthcare, physical science, surface, and space, the corporation has 38,000 people in its workforce. The US Department of Defense has awarded Atlantic Diving Supply a $3.091 billion defense contract. In 2021, the corporation is ranked 10th among the leading defense contractors. The US Department of Defense has awarded GE a $4.378 billion defense contract. G.E.’s portfolio now includes industries such as aviation, power, healthcare, and renewable energy. For more details, click Top Defense Contractors in 2021.
