Pentagon says Lockheed is its largest contractorLockheed...

Maryland Watch

April 30, 1996

Pentagon says Lockheed is its largest contractor

Lockheed Martin Corp., the defense giant created in a merger last year of Lockheed Corp. and Martin Marietta Corp., has replaced McDonnell Douglas Corp. as the nation's largest defense contractor, the Pentagon said yesterday.

Lockheed Martin had $10.5 billion in contract awards in the 1995 fiscal year that ended Sept. 30, compared with $8 billion for McDonnell Douglas, which slipped to No. 2 as its contract business fell $1.3 billion from the previous year.

It was the first time in 10 years that McDonnell Douglas was not No. 1, spokesman Bob O'Brien said.

Before the merger, Lockheed ranked No. 2 among defense contractors and Martin Marietta was No. 4, based on fiscal 1994 figures.

Tenneco Inc., which ranked 31st in fiscal 1994, jumped to No. 3 because of a $3.47 billion contract to build an aircraft carrier.

Others in the top 10: General Motors Corp., $3 billion; Northrop Grumman, which ranked third in 1994, $2.91 billion; Raytheon Corp., $2.89 billion; General Electric Co., $2.1 billion; Loral Corp., $2 billion; Boeing Co., $1.78 billion; and United Technologies Corp., $1.77 billion.

Pub Date: 4/30/96

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