Lockheed Martin tops list of Pentagon contract recipients at $39.2B
Dondi Tawatao/Getty Images News

Lockheed Martin (NYSE:LMT) was the biggest recipient of contracts from the U.S. Department of Defense in 2021, according to a report released Thursday. The company, whose products include the F-35 fighter jet and Himars missile system, received $39.2 billion in contracts last year.
Drugmakers Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA) were newcomers to the list last year because of spending related to the Covid-19 pandemic, and were considered anomalous.
Defense spending in 2021 fell 5.6% from a year earlier, or by $34.9 billion, driven by a 9.2% drop in contract obligations. Personnel spending rose 3.5%, according to the Pentagon.
Total defense spending was $559 billion, including $398.7 billion, or 71%, on contracts for products and services and $160.3 billion, or 29%, on personnel. 










 Top 10
Defense Contracts (billions)


2021 Rank
Company (ticker)
2021
2020
% change


1
Lockheed Martin (LMT)
$39.2
$72.9
-46%


2
Boeing (NYSE:BA)
$23.6
$22.4
5%


3
Raytheon Technologies (NYSE:RTX)
$21.4
$20.2
6%


4
General Dynamics (NYSE:GD)
$16.9
$22.8
-26%


5
Northrop Grumman (NYSE:NOC)
$15.0
$14.1
6%


6
Pfizer (PFE)
$13.3
-
-


7
L3Harris Technologies (NYSE:LHX)
$7.5
$8.5
-12%


8
Humana (NYSE:HUM)
$7.1
$6.9
3%


9
Huntington Ingalls (NYSE:HII)
$7.0
$7.9
-11%


10
Moderna (MRNA)
$6.9
-
-


_







2021 Rank
State
Defense Spending (billions)


1
Virginia
$62.7


2
California
$57.4


3
Texas
$47.3


4
New York
$30.9


5
Florida
$30.1


6
Maryland
$26.3


7
Massachusetts
$21.3


8
Connecticut
$19.3


9
Washington
$19.1


10
Pennsylvania
$16.5