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Lockheed Martin tops list of Pentagon contract recipients at $39.2B (NYSE:LMT)

by Index Investing News
October 20, 2022
in Financial
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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.

RankCompanyDefense Spending (billions)1Lockheed Martin (LMT)$39.22Boeing (NYSE:BA)$23.63Raytheon Technologies (NYSE:RTX)$21.44General Dynamics (NYSE:GD)$16.95Northrop Grumman (NYSE:NOC)$15.06Pfizer (PFE)$13.37L3Harris Technologies (NYSE:LHX)$7.58Humana (NYSE:HUM)$7.19Huntington Ingalls (NYSE:HII)$7.010Moderna (MRNA)$6.9



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