This post was republished with permission from Zero Hedge
In 2023, the Department of Defense budget totaled $609.2 billion, equal to $1,819 for every U.S. resident.
Following a wave of consolidation in the past few decades, a handful of defense contractors dominate the industry. At the same time, many of these firms provide a diversified range of capabilities—from munitions and nuclear submarines to services that manage IT infrastructure.
This graphic, via Visual Capitalist’s Dorothy Neufeld, shows the top U.S. defense firms by contract value, based on data from the Department of Defense.
The Top 10 Defense Firms by Contract Value
In the table below, we show the largest American defense contractors in fiscal 2023:
With $61.4 billion in contracts, Lockheed Martin stands as the largest overall by a wide margin.
Most notably, it completed a $30 billion contract to build F-35 fighter jets for the Pentagon and allies in 2023. Along with this, it was awarded contracts to manufacture precision-strike rockets and nuclear spacecraft.
Following next in line is RTX, formerly Raytheon Technologies, at $24.1 billion in contracts. As the world’s most valuable defense company, RTX is worth $183 billion, driven by its broad range of missile systems, commercial aviation, and advanced technologies.
Ranking in third is Virginia-based General Dynamics, which typically generates the most revenue from its IT systems and marine divisions.
Overall, the number of prime contractors for the Department of Defense has declined from 51 in the 1990s to just five today. These legacy firms include Lockheed Martin, RTX Corporation, General Dynamics, Boeing, and Northrop Grumman.
To learn more about this topic from a global perspective, check out this graphic on military spending by country.
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Yes it is true that defence companies are making a great deal of money from government contracts. Much like big pharma, these contracts do need looking at by DOGE or similar. However, it is also true that the US needs an effective defence and offence capability – there’s a lot of unpleasant people out there. Would you suggest that the US and its allies are left defenceless?
And if you look at all their shareholders, they are all owned and controlled by the synagogue of satan which is one of the reasons why there are always wars and the USA does the will of the synagogue of satan. The US government is flooding the synangogue of satan with cash through these entities, billions to israel and ukraine and a thousand other ways while the serfs pay for it as well as the interest which also goes to the synagogue of satan.