WASHINGTON — Lockheed Martin Corp. maintained its grip on the No. 1 spot among military contractors in 2005 despite losing a major U.S. Army surveilliance contract.
Lockheed Martin (Bethesda, Md.) racked up military contracts totaling $19.4 billion in fiscal 2005. Lockheed has been recasting itself as an "integrator" focusing on making equipment from other contractors work together. But the company was unable to make its new approach work in an Army surveillance aircraft project canceled by the Army late last year.
Boeing Co. was a close second on the DoD list with 2005 contracts worth $18.3 billion. Northrop Grumman Corp. was third with contracts totaling $13.5 billion. General Dynamics was next with $10.6 billion worth of weapons work, followed by electronics specialist Raytheon Co. at $9.1 billion.
Rounding out the top 10, in order of rank, were: Halliburton Co. ($5.8 billion); BAE Systems plc ($5.6 billion); United Technologies Corp. ($5 billion); L-3 Communications Holdings Inc. ($4.7 billion); and Computer Sciences Corp. ($2.8 billion).
The Pentagon said it awarded prime contracts in fiscal 2005 valued at $269.2 billion, $38.5 billion more than 2004.
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