Top Dogs
Stop The Presses! Government's Top Contractors Announced. Thank you Washington Technology.
The Winners:
1. Lockheed Martin 2. Boeing 3. Northrop Grumman
Ok, that's not really a shocking newsflash. Of course they're at the top. They always are these years. And that pays. The winners win a lot more money these days.
Not to belabor the matter, let's look at Lockheed's federal contracting awards last year and five years ago. Now: $13.4 billion. Then: $4.8 billion.
A virtual cookie to the reader who offers the best analysis of that growth.
By Robert O'Harrow |
May 15, 2008; 5:32 AM ET
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Posted by: LALA | May 16, 2008 1:36 AM
An good investigative research project might be to find out how much of this work was sole-sourced or actually bid with competition other than just one bidder. ANC firms number 35, 76 and 90 on the list would shed some interesting light on this subject.
Posted by: TBS | May 20, 2008 9:57 AM
Revenue growth is very simple, based on my experience working for Lockheed:
(1) revenue growth through acquisition;
(2) revenue growth through the "revolving door" that allows high-level retired military personnel to profit from their influence with current leaders -- many of whom were once their direct reports;
(3) in the service sector of the business, via the classic "bait and switch" practiced by all the large consulting firms: use experts to sell the work and then bring in the unskilled and much cheaper hordes who generate the majority of the billable hours revenue.
When Lockheed claims, "We never forget who we work for," rest assured that motto doesn't mean the US taxpayer.
Posted by: upstate111 | May 20, 2008 10:41 AM
Sure they work for the US taxpayer. If it looks like a government employee and smells like a government employee.....just provide a pot of money and a weak set of tasks and they can blend right in. What's that MOBIS category? Oh yea, Program Manager!
Posted by: 1102 | May 20, 2008 11:48 AM
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This isn't exactly deep data analysis, but here ya go:
A)equipment breaks and gets blowed up re-e-al g-o-od in Iraq/Afghanistan, so must be replaced.
B)a lot of stuff that is getting blowed up real good was given away to the Iraqi/Afghani military, which is still (STILL) being built up so they can "stand up and we can stand down".
C) some of these contracts are left-over Rumsfeld "visions" of tomorrow's military to fight tomorrow's wars; Like Iraq was supposed to be, remember?
I wanna snickerdoodle! :op