Lockheed Martin Is No. 1 Defense Firm

Jan. 13, 2005
Lockheed Martin Corp. retained its position as the U.S.'s top defense contractor in 1997, indicate statistics recently released by Dept. of Defense. The Bethesda, Md.-based firm won $11.6 billion in prime military contract awards during the year, ...

Lockheed Martin Corp. retained its position as the U.S.'s top defense contractor in 1997, indicate statistics recently released by Dept. of Defense. The Bethesda, Md.-based firm won $11.6 billion in prime military contract awards during the year, slightly under its $12 billion total in 1996 but still ahead of the No. 2 contractor, Boeing Co. With $9.6 billion in awards, Boeing vaulted into second place on the list from its No. 8 position in 1996 as a result of its merger with McDonnell Douglas Corp.

Completing the top ten list in 1997 behind Lockheed and Boeing were: Northrop Grumman Corp., $3.5 billion; General Dynamics Corp., $3 billion; Raytheon Co, $2.9 billion; General Motors Corp., $2.8 billion; United Technologies Corp., $1.8 billion; General Electric Co., $1.7 billion; Litton Industries Inc., $1.6 billion; and Textron Inc., $1.4 billion.

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