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IMMEDIATE RELEASE

Release No: 034-03
January 23, 2003

DOD ANNOUNCES TOP CONTRACTORS FOR FISCAL 2002

The Department of Defense announced today that the fiscal year 2002 report of "100 Companies Receiving the Largest Dollar Volume of Prime Contract Awards (Top 100)" is now available on the World Wide Web. The web site address for locating this publication and other DoD contract statistics is http://www.dior.whs.mil/peidhome/procstat/p01/fy2002/top100.htm.

According to the new report, the top 10 Defense contractors for fiscal 2002 were:

(In billions)

1. Lockheed Martin Corp.   $17.0
2. The Boeing Co.  16.6
3. Northrop Grumman Corp. 8.7
4. Raytheon Co. 7.0
5. General Dynamics Corp. 7.0
6. United Technologies Corp. 3.6
7. Science Applications International Corp. 2.1
8. TRW Inc. 2.0
9. Health Net Inc. 1.7
10. L-3 Communications Holdings Inc. 1.7

In fiscal 2002, DoD prime contract awards totaled $170.8 billion, $26.2 billion more than in fiscal 2001.