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With a weak economy, most companies are scrambling to remain afloat. But those firms who work for the federal government are still enjoying the bounty of recent contracts. The top nine companies who provide the government with critical defense work are (2007 data).
1. Lockheed Martin Corp. () (13 billion in government contracts)
The company manufactures fighter jets and a variety of combat support technology for the military. Most of its revenue comes from the Department of Defense [find cheap lasuna online
] and other government agencies. A position is available for Lockheed Martin for September expiration with a potential return of 2. 1% - just 39 days.
2. The Boeing Co. () (Almost 10 billion in government contracts)
The military branch of the company works on Integrated Defense Systems (IDS), which combine weapons and aircraft capabilities, intelligence and surveillance systems. The armed services division employs 71, 000 people. A position is available for Boeing for September expiration with a potential return of 3. 9%.
3. Northrop Grumman Corp. () (Almost 8 billion in government contracts)
The company won a contract with the Defense Department to provide a Health Record System for 9 million service members and their families around the world. Find cheap lasuna online
it was also awarded a 75 million contract in 2007 to develop a biometrics system for the agency. For Northrop Grumman, a position is available for September expiration with a potential return of 2. 8%.
4. Raytheon Co. () (A little more than 5 billion in government contracts)
The company recently (Apr 2008) was awarded a contract estimated at almost 7 billion over 7 years to sustain all Air Force weapon systems. Raytheon specializes in defense and homeland security, which gives it a definite edge in a wartime economy. A position is available for Raytheon for September expiration with a potential return of 2. 8%.
5. Science Applications International Corp. () (almost 5 billion in government contracts)
The company began its activities in the nuclear field, including nuclear weapons in 1969. It has expanded into homeland security, non-nuclear energy studies and several environmental areas. The federal government accounts for more than 60% of its business. Science Applications won a contract of almost 400 million in 2007 awarded by the Air Force for IT (Intelligence Technology) work.
6. General Dynamics Corp. () (Almost 5 billion in government contracts)
The company's defense work includes expeditionary combat vehicles and systems, armaments, and munitions; and mission-critical information systems and technologies. It also builds submarines and surface ships for the Navy. The US Army recently awarded the company a contract for 615 Stryker vehicles worth almost 1 billion (August 2008). General Dynamics is very well placed to earn record revenues in 2008 and 2009. For General Dynamics, a position is available for September expiration with a potential return of 2. 6%.
7. KBR Inc. () (A little more than 4 billion in government contracts)
Revenue increased 23% in the second quarter of 2008 compared to 2007 for the same time frame. KBR is mainly a design and engineering company dedicated to the construction of various types of building for the U. S. government all over the world. They also provide security assessments for embassies, consulates and ports. A very appealing position is available for KBR for September expiration with a potential return of 5. 1%.
8. L-3 Communications Corp. () (Almost 4 billion in government contracts)
The company has grown into the 6th largest defense company in the U. S. It specializes in IT technology, guidance and navigation products, and security products for homeland security. On August 6, 2008, the company was selected for an Air Force Weapon Systems Support contract that could reach more than 6 billion over the next 5 years. It is therefore well placed to obtain record revenues and profits over the next 2 years. An attractive position is available for L-3 for September expiration with a potential return of 2. 2%.
9. Computer Science Corp. () (More than 3. 5 billion in government contracts)
CSC reported record revenues and operating income for the first quarter of 2008. It also announced almost 3 billion in new contracts for the first quarter. It specializes in IT technology and has built some of the most complex systems in the world thanks to its expertise in electronics. It is definitely a company to consider when investing in the near future. A tempting position is available for CSC for September expiration with a potential return of 3. 9%.
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