Monday February 9, 09:54 PM
Britain's BAE becomes Pentagon's No. 5 supplier
By Andrea Shalal-Esa
WASHINGTON, Feb 9 (Reuters) - Britain's BAE Systems Plc (LSE: AP16.L - news) became the Pentagon's fifth-largest defense contractor
in fiscal 2008, knocking Raytheon Co (NYSE: RTN - news) out of a spot it
held since at least 2000, according to a White House website.
BAE, based in Farnborough, England, worked on prime
contracts valued at $12.3 billion in the year ended Sept. 30,
2008, up from around $10 billion in prime contracts a year
earlier, when it was ranked the No. 6 Pentagon contractor.
The Pentagon's top four suppliers did not change from 2007.
In order of sales, they were Lockheed Martin Corp (NYSE: LMT - news) ,
Boeing Co (NYSE: BA - news) , Northrop Grumman Corp (NYSE: NOC - news) and General
Dynamics Corp, according to data posted on the White
House website http://www.usaspending.gov.
Raytheon dropped to sixth place, followed by United
Technologies Corp, L-3 Communications Holdings,
and KBR (NYSE: KBR - news) , the Pentagon's biggest contractor in Iraq.
Navistar Defense LLC, a unit of Navistar International Corp vaulted into the No. 10 spot, aided by its sales of
mine-resistant, ambush-protected trucks for the U.S. military.
Science Applications International Corp (NYSE: SAI - news) held the
No. 10 spot IN 2007.
Following is a list of the top 10 Pentagon suppliers,
measured in terms of prime contracts. Many of the companies
have additional business with the Pentagon through
subcontracts.
Company Name FY08 Amount FY07 Amount+(Ranking)
1. Lockheed Martin $25.6 bln $28.7 bln (1)
2. Boeing 19.9 bln 23.4 bln (2)
3. Northrop Grumman 17.9 bln 17.1 bln (3)
4 General Dynamics 13.9 bln 14.1 bln (4)
5. BAE Systems (LSE: BA.L - news) 12.3 bln 10.0 bln (6)
6. Raytheon 12.1 bln 11.6 bln (5)
7. United Technologies 7.6 bln 5.4 bln (8)
8. L-3 Communications 5.9 bln 6.2 bln (7)
9. KBR 4.7 bln 4.9 bln (9)
10. Navistar Defense 3.9 bln 226 mln
(Reporting by Andrea Shalal-Esa; Editing by Tim Dobbyn)
Keywords: PENTAGON CONTRACTORS/
XX:SU:REUTERS#SN:nN09535047#XX:1740800.0#HS:RAMSTXT_9088_2009-2-9_213923_1_39#DU:lanreunxd1+lanreunxd2+lanreznxd1+lanreznxd2+rekwire+reawire+rexwire+bsu8rtr+lanrexnxd1+lanrexnxd2#XN:##XP:tfukfipdistw.datastream.com
~
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
