Lockheed Martin led in 2002 DOD contracts

The Defense Department issued prime contracts worth $17 billion to Lockheed Martin Corp. in fiscal 2002, making it DOD's top contractor. Of that figure, $5.33 billion went for R&D, testing and evaluation, giving Lockheed the top spot in that procurement area as well.

The department named its 100 top contractors today.

Boeing Co. was second on the overall list with $16.55 billion in prime contracts in 2002, followed by Northrop Grumman Corp. with $8.73 billion, Raytheon Co. with $7 billion and General Dynamics Corp. with $6.96 billion.

Boeing also held the second spot in R&D and testing contracts, having received $4.31 billion. Northrop Grumman was third at $1.4 billion, while United Technologies Corp. of Hartford, Conn., was fourth at $1.23 billion, followed by Raytheon at $1.03 billion.


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