Largest US corporations and their defense contracts
The 2012 January 21 issue of The
featured a review of 'state capitalism' proclaiming the benefits of pure capitalism over mixed, for example the currently triumphant Chinese model. This caused me to wonder about US versions of state capitalism
and particularly those large corporations that owe much of their income
to defense contracts. I used two sources to link the largest
corporations with the largest defense contractors.
- $100 billion of defense
contracts are represented among these 12 firms (of the $244 billion
received by the top 100 corporations receiving such money). This is a large
amount of money that supports lots of jobs, although it could be
argued to have less benefit to the long-term health of the US economy
than say infrastructural or educational investments.
- The first four corporations
are well-known contractors that are clearly heavily dependent on
defense dollars; they could be considered examples of 'quasi-state
capitalism.' The remaining corporations
receive significant amounts of defense spending, although Humana and
AmerisourceBergen may not be so well-known.
A screenshot of the top of the original
data table shows them sorted by size of defence contractor. The numbers are shown to the
'exact' dollar and left-justified, making them difficult to compare.
And of course the table does not provide
each firm's total revenues.
- The data were downloaded
from the two sites listed below and saved as MS Word documents.
- I removed generic 'suffixes' (e.g. 'co., corp.,
international, intl, group, holdings') that
create irrelevant differences between names.
- The embedded tables were then used to create worksheets in MS
- Finally the worksheets were read
into R and merged by corporation name; those that appeared in both
datasets were reported and the 12 largest were used for the stacked
horizontal bar chart above.
corporations: Fortune Magazine.
2010 Largest defense contractors: Government Executive