The US military budget is the largest in the world, leading to billions in dollars generated by defense contractors. These companies supply a diverse range of items including technology, vehicles, and intelligence services. In 2023, notable contractors include HII Mission Technologies with $4.5 billion in revenue, Pfizer at $10 billion, and GE Aerospace earning around $5 billion. Each company plays a critical role in supplying the military, enhancing capabilities and meeting operational demands through their specialized services.
HII Mission Technologies earns approximately $4.5 billion annually, accounting for 1% of all DoD contract spending by developing unmanned underwater vehicles and drones for naval missions.
Pfizer generated around $10 billion in defense contracts in 2023, driven by COVID-19 vaccine contracts, constituting 2.1% of total DoD spending and supplying military medications.
General Electric's GE Aerospace earns about $5 billion annually, representing 1.1% of DoD spending, focusing on producing engines for military aircraft and enhancing their performance.
Booz Allen Hamilton is a critical contractor for the US military, known for its strategic consulting and technology services, heavily involved in defense operations.
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