Lockheed Martin ( NYSE: LMT ) was the biggest recipient of contracts from the U.S. Department of Defense in 2021, according to a report released Thursday. The company, whose products include the F-35 fighter jet and Himars missile system, received $39.2 billion in contracts last year.
Drugmakers Pfizer ( NYSE: PFE ) and Moderna ( NASDAQ: MRNA ) were newcomers to the list last year because of spending related to the Covid-19 pandemic, and are considered anomalous.
Rank | Company | Defense Spending (billions) |
1 | Lockheed Martin ( LMT ) | $39.2 |
2 | Boeing ( NYSE: BA ) | $23.6 |
3 | Raytheon Technologies ( NYSE: RTX ) | $21.4 |
4 | General Dynamics ( NYSE: GD ) | $16.9 |
5 | Northrop Grumman ( NYSE: NOC ) | $15.0 |
6 | Pfizer ( PFE ) | $13.3 |
7 | L3Harris Technologies ( NYSE: LHX ) | $7.5 |
8 | Humana ( NYSE: HUM ) | $7.1 |
9 | Huntington Ingalls ( NYSE: HII ) | $7.0 |
10 | Moderna ( MRNA ) | $6.9 |
For further details see:
Lockheed Martin tops list of Pentagon contract recipients at $39.2B