This are looking up, relatively speaking, for the Defense Department’s spending plans, after President Obama on Monday signed a bipartisan two-year federal budget.
The budget and debt plan sets funding for fiscal 2016 and 2017, and although it provides about $5 billion less that DOD had requested for 2016, it increases funding over this year’s levels. It raises the caps on spending for each of the next two years by about $25 billion, providing $548 billion in defense spending for 2016 and $551 billion for 2017. The budget also provides around $59 billion for overseas contingency operations for each year.
For DOD and its contractors, that means a bit more money to go around, which presents a good opportunity to take a look at the current top 20 defense contractors, based on sister publication Washington Technology’s 2015 Top 100 list, based on fiscal 2014 revenues. Click on that link to see the full list, view companies broken out by sector, read analyses of current trends or to get profiles of each company.
|Rank||Top Defense Companies
|1||Lockheed Martin Corp.||
|2||Northrop Grumman Corp.||
|5||General Dynamics Corp.||
|6||Hewlett Packard Co.||
|7||Booz Allen Hamilton||
|15||Computer Sciences Corp.||
|17||Jacobs Engineering Group||