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Area companies dominate list of top contractors, winning $104B in 2012

Thursday - 5/9/2013, 9:04am  ET

Nearly 20 percent of the top 200 federal contractors, based on prime contract dollars awarded in 2012, are in the D.C. area. They won $104.22 billion in work last year alone.

Those numbers come from a report by Bloomberg Government, which ranked and profiled the top 200 federal contractors by value of prime, unclassified contracts awarded in fiscal 2012. The list includes 32 Washington-area companies 26 in Northern Virginia, four in Maryland, and two in the District.

Another impressive statistic: While the top 200 contractors accounted for 64 percent of the $516.3 billion awarded by agencies during 2012, the 32 companies in the D.C. region accounted for a whopping 20 percent.

Not surprisingly, Virginia was home to the most headquarters 29 of the 200, according to the Bloomberg Government report, released Wednesday evening.

Bethesda-based Lockheed Martin Corp. (NYSE: LMT) ranked first on the list, winning $36.9 billion in prime contracts in 2012.

The Boeing Co. of Chicago (NYSE: BA), Falls Church-based General Dynamics Corp. (NYSE: GD), Waltham, Mass.-based Raytheon Cop.(NYSE: RTN) and Falls Church-based Northrop Grumman Corp. (NYSE: NOC) rounded out the top five, maintaining the same positions each had on the list last year, the first Bloomberg compiled it.

McLean-based Science Applications International Corp. (NYSE: SAI) and BAE Systems PLC (LON:BA), the parent company of BAE Systems Inc. in Arlington, also made the top 10.

The highest ranking newcomer on the list was Chantilly-based Engility Holdings Inc. (NYSE: EGL), No. 42, which spun off from New York-based L-3 Communications Holdings Inc. (NYSE: LLL) in July 2012. That split also contributed to L-3 Communications falling from No. 7 to No. 9.

"We might see the same sort of thing happen next year with the split of SAIC" because Leidos the larger of the two publicly companies created from the pending split-up will probably make the list, though farther down than SAIC's No. 7 ranking for 2012, said Brian Friel, Bloomberg Industries government contracts analyst.

While the list naturally included predominantly large companies since it looked specifically at prime contract awards, a high percentage of the dollars likely filtered down to smaller partners. The Defense Department typically estimates that about two-thirds of federal dollars go to subcontracts, Friel said.

"But it shows that if you're in the business of working for the federal government, you need a relationship with these top 200 companies," he noted.

The Washington Business Journal has the rundown of the local companies that made the list, along with their rank and prime contract dollars awarded. Washington-area operations owned by foreign parent companies like BAE Systems Inc., for example are not included, even if they made the top 200.

© 2013 American City Business Journals, Inc.