Bloomberg Government Releases 2020 BGOV200, Authoritative Ranking Of Top Federal Government Contractors
WASHINGTON, June 24, 2020 /PRNewswire/ -- Bloomberg Government today issued the ninth annual BGOV200, which ranks the top 200 federal contractors based on fiscal year 2019 data for unclassified, prime contracts awarded across all U.S. federal government agencies. Bloomberg Government's analysis finds that federal government spending reached a new high in fiscal 2019: $597 billion. This represents the fourth straight year of federal contract spending growth, up from $442 billion in fiscal 2015. To download a copy of the BGOV200, please visit http://onb-gov.com/DJV250AfVNp.
The BGOV200 combines rich data and insightful analysis to explore the contract dynamics of the past year at 92 agencies and departments across 20 different purchasing categories. Among its key findings:
- Fiscal 2019 total federal contract spending increased by 6%, from $561 billion in fiscal 2018.
- The share of total government obligations won by the top 200 contractors was 64%, the same as in fiscal 2018.
- 120 companies improved their rankings, up from 116 in fiscal 2018; 69 companies lost ground in the rankings, the same amount as the previous year.
- The rankings of 11 companies, including 5 of the top 10, remained unchanged; 37 companies were new entrants to the BGOV200.
- Some of the largest increases year over year are for markets such as research and development, which increased by $8.8 billion; facilities and construction, which grew by $6.6 billion; and supplies and equipment, which rose by $5.2 billion.
The report also examines budget changes, including those related to Covid-19. Since the two regular fiscal 2020 appropriations bills were passed, there have been four coronavirus packages enacted that include an additional $467 million in emergency discretionary spending plus billions in mandatory funds. The impact of these bills on the contracting community will be complex, and more funding is likely before the end of the year.
Lockheed Martin, Boeing, General Dynamics, Raytheon, and Northrop Grumman occupy the top five BGOV200 rankings, as they have in previous years.
"The BGOV200 is one of many data-driven resources that Bloomberg Government offers to help government contractors understand the market and competitive landscape, find partners, and most importantly, build bigger pipelines, make smarter business development investments and win more federal contracts," said Donald Thomas, Bloomberg Government's vice president and general manager. "Bloomberg Government's tools, news, and analytics will be even more impactful considering the president's fiscal 2021 budget suggests that federal spending levels are on pace to increase in the future."
Bloomberg Government forecasts fiscal 2020 spending obligations could top $600 billion once spending ends for the year in September 2020, which would be a record high. The top markets that are likely to see continued growth in fiscal 2020 based on BGOV forecasts are facilities and construction ($118 billion), professional services ($81 billion), and information technology ($74 billion).
About Bloomberg Government
Bloomberg Government is a premium, subscription-based service that provides comprehensive information and analytics for professionals who interact with – or are affected by – the government. Delivering news, analytics, and data-driven decision tools, Bloomberg Government's digital workspace gives an intelligent edge to government affairs, federal, and contracting professionals. For more information or a demo, visit www.bgov.com.
SOURCE Bloomberg Government
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