Where Data Tells the Story
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Notably, the number of prime contractors for the Department of Defense has declined from 51 in the 1990s to just five today, driven by industry consolidation.
These prime contractors include legacy firms Lockheed Martin, RTX Corporation, General Dynamics, Boeing, and Northrup Grumman.
In 2023, the Department of Defense awarded $609.2 billion in contracts, with Lockheed Martin receiving 10% of the total share.