TOP 50 PENTAGON CONTRACTORS    
  By Annual Spending            
          Annual Spending    
Rank Defense Contractor     1998 2000 2002 2003 Change
2003         ($ 000s) ($ 000s) ($ 000s) ($ 000s) 03/02
- - - - - - - - - -
1 LOCKHEED MARTIN CORPORATION $12,341,236 $15,125,846 $16,997,272 $21,927,183 29%
2 BOEING COMPANY, THE INC   $10,865,899 $12,041,420 $16,551,756 $17,339,689 5%
3 NORTHROP GRUMMAN CORPORATION $2,690,742 $3,079,615 $8,732,668 $11,125,799 27%
4 GENERAL DYNAMICS CORPORATION $3,679,867 $4,195,923 $6,962,131 $8,235,493 18%
5 RAYTHEON       $5,661,161 $6,330,613 $6,995,085 $7,915,749 13%
6 UNITED TECHNOLOGIES CORPORATION $1,983,147 $2,071,536 $3,607,184 $4,547,824 26%
7 HALLIBURTON COMPANY INC   $285,623 $595,070 $483,670 $3,920,877 711%
8 GENERAL ELECTRIC COMPANY INC $1,161,392 $1,609,329 $1,559,979 $2,842,131 82%
9 SCIENCE APPLICATIONS INTERNATIONAL $1,223,978 $1,522,077 $2,074,920 $2,615,869 26%
10 COMPUTER SCIENCES CORPORATION $646,655 $1,164,634 $807,671 $2,530,847 213%
11 HUMANA INC           $1,304,691 $2,362,112 81%
12 L-3 COMMUNICATIONS HOLDING   N/A $377,662 $1,660,048 $2,085,738 26%
13 B A E SYSTEMS PLC         $1,115,608 $1,927,583 73%
14 HEALTH NET INC     N/A $550,580 $1,691,430 $1,756,489 4%
15 CARLYLE GROUP       $1,194,713   $1,670,174 20%
16 ITT INDUSTRIES, INC     $780,794 $553,972 $994,167 $1,234,819 24%
17 TRIWEST HEALTHCARE ALLIANCE CO. $419,973 $335,878 $823,741 $1,200,418 46%
18 HONEYWELL INTERNATIONAL INC   N/A $951,255 $1,278,370 $1,199,176 -6%
19 NORTH AMERICAN AIRLINES       $622,199 $1,194,932 92%
20 FEDEX CORP       N/A $452,385 $385,781 $1,046,698 171%
21 BELL BOEING JOINT PROGRAM         $986,978  
22 BECHTEL GROUP, INC     N/A $694,717 $1,029,712 $910,400 -12%
23 BOOZ ALLEN & HAMILTON INC   $311,704 $419,576 $687,553 $807,991 18%
24 BOEING SIKORSKY COMANCHE TEAM N/A $384,751 $661,832 $799,280 -100%
25 TITAN CORPORATION, THE       $501,630 $798,536 59%
26 GOVERNMENT OF THE UNITED STATES       $780,876  
27 ELECTRONIC DATA SYSTEMS CORP $260,804 $329,554 $468,395 $772,085 65%
28 VERITAS CAPITAL MANAGEMENT LLC     $521,866 $766,887 47%
29 EXXON MOBIL CORPORATION   N/A $324,816 $570,877 $756,733 33%
30 TEXTRON INC     $1,837,815 $1,164,465 $908,785 $722,530 -20%
31 JOHNSON CONTROLS, INC       $434,210 $719,370 66%
32 PARSONS CORPORATION         $685,011  
33 CARDINAL HEALTH, INC         $649,582 $652,408 0%
34 OSHKOSH TRUCK CORP     N/A $372,526 $601,664 $649,662 8%
35 DELL COMPUTER CORPORATION       $504,969 $641,795 27%
36 GM GDLS DEFENSE GROUP LLC, JV       $678,307 $635,104 -6%
37 STEWART & STEVENSON SERVICES N/A $575,303 $439,939 $619,613 41%
38 CHUGACH ALASKA CORPORATION         $580,208  
39 URS CORPORATION         $800,825 $577,755 -28%
40 RENCO GROUP INC           $575,303  
41 ENGINEERED SUPPORT SYSTEMS INC       $559,930  
42 JACOBS ENGINEERING GROUP INC   N/A $387,343 $486,024 $557,164 15%
43 N.V. KONINKLIJKE NEDERLANDSCHE     $539,104 $545,843 1%
44 ALLIANT TECHSYSTEMS INC   $316,569 $470,397 $674,013 $542,125 -20%
45 AEROSPACE CORPORATION, THE   $339,055 $334,194 $473,061 $539,517 14%
46 HARRIS CORPORATION         $381,477 $517,280 36%
47 GOVERNMENT OF CANADA   N/A $676,881 $394,578 $515,710 31%
48 MASSACHUSETTS INSTITUTE OF TECH       $514,230  
49 ANTEON INTERNATIONAL CORPORATION       $508,530  
50 INTERNATIONAL BUSINESS MACHINES     $379,892 $468,803 23%
                   
                   
  TOTAL TOP 50     $44,806,414 $58,287,031 $87,436,668 $118,387,256 35%
  Percent of total defense budget   17% 21% 25% 25%  
                   
  LEGEND: IT companies Non-industrial suppliers Non-U.S. suppliers   New in 2003
                   
  Source: Annex Research (based on DOD data)        
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