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.
| Rank | Company | Defense Spending (billions) |
| 1 | Lockheed Martin (LMT) | $39.2 |
| 2 | Boeing (NYSE:BA) | $23.6 |
| 3 | Raytheon Technologies (NYSE:RTX) | $21.4 |
| 4 | General Dynamics (NYSE:GD) | $16.9 |
| 5 | Northrop Grumman (NYSE:NOC) | $15.0 |
| 6 | Pfizer (PFE) | $13.3 |
| 7 | L3Harris Technologies (NYSE:LHX) | $7.5 |
| 8 | Humana (NYSE:HUM) | $7.1 |
| 9 | Huntington Ingalls (NYSE:HII) | $7.0 |
| 10 | Moderna (MRNA) | $6.9 |
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| 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 |
