6 Companies That Are the Most Reliant on Government Contracts
Image source: Getty Images.
The single largest contractor for the federal government in 2016 was Lockheed-Martin (NYSE: LMT), which raked in more than $43 billion in contracts last year. That was far more than any other contractor received: No. 2 Boeing (NYSE: BA) hauled in just $26.5 billion in contracts.
According to the government's Federal Procurement Data System (FPDS), 58 companies received at least $1 billion worth of government contracts last year, with the top 100 contractors getting over $262 billion combined. What might be surprising is just how dependent some companies are on government spending for their existence.
Source: Fool.com
Lockheed Martin Corp. Stock
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