WASHINGTON, Jan. 26 (UPI) -- The ranking of America's top six defense contractors in 2005 remains unchanged from 2004, with Lockheed Martin on top and Halliburton at number six.
The value of Halliburton's defense contracts dropped considerably between the years, from $8 billion to $5.8 billion. That drop coincided with the U.S. military's attempt to rein in spending under the Logistics Civilian Augmentation Program. LOGCAP is the contract under which Halliburton provides services like dining halls, laundry and cleaning to American troops in Iraq and Afghanistan. The Defense Department has paid Halliburton subsidiary KBR more than $12 billion so far under LOGCAP. Halliburton is the Army's single largest contractor by at least $2 billion.
Lockheed Martin, maker of the F-22 fighter aircraft, had defense contracts worth $19.4 billion, down from $20.7 billion in 2004.
Boeing was second, with $18.3 billion, an increase from $17.1 billion in 2004.
Northrop Grumman, General Dynamics and Raytheon remained at third, fourth and fifth, respectively, all increasing their defense receipts from 2004.
BAe (British Aerospace) jumped from 12th to seventh, more than doubling its defense contracts from $2.2 billion in 2004 to $5.6 billion in 2005.
United Technologies, with $5 billion in defense sales, dropped from seventh to eighth.
L-3 Communications Holdings went from 10th to ninth, more than doubling its business from $2.3 billion in 2004 to $4.7 billion in 2005.
Computer Sciences Corporation dropped from ninth to 10th, but increased its contract from $2.4 billion to $2.8 billion.