Many businesses are trying their best to win a bid on government contracts. Many failed but the ones who succeed are great in numbers. Perhaps the question is, what exactly do government contractors do?
Corporations, organizations, and private companies that supply goods and services to government agencies are known as government contractors. They are guaranteed to get contract funds and be a government contractor when their proposal passes through the government’s bidding.
Why do businesses seek government contracts?
Federal government agencies of the United States are the greatest consumer of goods and services. This idea gave birth to the federal procurement data system which is usually battled out by different companies. The U.S. government is not just a single buyer, it has thousands of buyers that are spending to purchase everything from disposable papers, bags, clothes up to aircraft equipment.
The federal government typically does not know where and when to use a certain type of product or service, hence the order in bulk per transaction. This idea barely applies to small businesses and even large corporations.
So, what do government contractors do? This read will give you some of the government contractors that worked with the U.S government for a very long time and their scope of works that helps to earn contract funds.
Mckesson Corporation is an American firm that provides healthcare information technology and medical products. U.S Government undergoes a federal government spending with McKesson Corp for about $3.8 billion dollars that were used for drugs and biologicals.
Headquartered in San Francisco, California, Mckesson Corp is now supporting the U.S government with their service of centralized distribution of refrigerated or frozen COVID-19 vaccines. With their expertise, they are supporting the government’s effort to vaccinate everyone in the U.S who wants to receive a COVID-19 vaccine.
The organization is not just assisting the United States with their medical needs, their presence was also felt and spread throughout the market of Canada and parts of Europe.
Raytheon Technologies and United technologies Inc
Located in Waltham Massachusetts, Raytheon is one of the defense contractor companies that provides satellite sensors, radar, and digital communication systems. However, United Technologies Inc joined forces with the Raytheon Company in 2020 to form Raytheon Technologies which is globally known for making weapons, guided missiles, and missile defense systems.
Previously, the company was getting about ten percent of its revenue through their military contracts funds with the U.S Federal. Provided them with aircraft engines, helicopter fuels cells, and aerospace systems. They were able to gain $910 Million dollars of revenue from manufacturing gas turbines, jet engines, and other aircraft needs.
Not only that, United Technologies Inc was known for producing Heating, Ventilation, and Air Conditioning (HVAC), security, building systems, and other industrial products.
The Oshkosh Corp gained popularity during 1917 in the market due to their four-wheel-drive system that gave encouragement and confidence for people to explore places they never imagined they could.
The majority of the company’s contract dealt with the U.S Army and the United States Department of Defense, wherein they became the responsible supplier of heavy and medium payload combat vehicles. According to the fiscal year 2011, these government agencies were able to produce a contract opportunity ranging from $125 Million to $900 Million.
General Dynamics Corp
General Dynamics Corporation (GD) is the third-largest government contractor in defense in the United States in the fiscal year 2020 and the third-largest around the world. General Dynamics is an aerospace company and defense company based in Reston, Virginia.
In the year 2020, General Dynamics led by the current CEO Phebe Novakovic helped the organization to gain and state on their financial news a $37.9 Billion dollars global revenue and hired over one hundred thousand employees.
BAE Systems is making a mark on the contracting industry for its advanced defense technology aimed to protect people, national security and keep crucial information and infrastructure secure.
Despite being a British company, they still had numerous contracts with the U.S government by providing combat assault and tactical vehicles. However, BAE Systems also provides ammunition, explosives, weapons, defense systems, aircraft services, shipbuilding, marine equipment development, and non-nuclear ship repairs.
Lockheed Martin is one of the most popular companies in the government contracting industry. The corporation is a defense, information, and national security technology company based in North Bethesda, Maryland, near Washington, DC, that designs and manufactures satellites, space vehicles, and intelligence systems that are far beyond the consumption of non-government consumers.
This huge company handles the fighter jet program for F-16, F-22, F-35, even radar, and guided missiles. Lockheed Martin also provides information-processing services to law enforcement and other federal agencies.
Another company that specializes in defense and dealing with aerospace and military technology is the Northrop Grumman Corp. Northrop Grumman is known for making missiles, ammunition, weapons, and explosives. They also construct military aircraft such as the strategic bomber B-2 and unmanned air vehicles such as the RQ-5 Hunter.
Maximus Inc is an American firm with offices in the United States, Australia, Canada, and the United Kingdom that operates around the world. To help the government run smoothly and efficiently, in order to achieve its goals, the company offers Medicaid, Medicare, welfare to work, and program modernization.
Maximus Inc has been a partner of the federal, state, and local governments for more than forty years providing them health and human service programs. They enable governments to quickly adopt initiatives through scalable operations and automated systems. Leveraging their experience, they were able to develop high-quality services and solutions that are cost-effective and tailored to each communities’ unique needs
Other services that the company offers are child support enforcement, child care, child welfare, specialized consulting, K-12 special education software, and higher education consulting. Maximus was named the best provider of welfare-to-work services in the United Kingdom under the Flexible New Deal Programme in 2011.
Boeing is the world’s largest aerospace firm, as well as one of the largest American companies. They are known for their commercial airline in the market but it also has large, defense, space, and security products. Boeing is also a leading manufacturer of commercial jetliners, space and security systems which list them as the U.S Department of Defense’s primary contractor.
The Chicago Illinois based company made more than twenty-five billion dollars worth of revenue working on the government’s Air Force one planes. Aside from that, their largest contract revenue came in 2011 when they repaired wing aircraft and airframe structural components. The company is also awarded a spending project amounting to over $1 billion dollars by NASA.
Boeing surely made their name popular in the industry of government contracting yet one more thing that’s amazing with the company is their capability to produce radar equipment, satellites, launch systems, ammunition, and explosives. Boeing gained contract funds from their many customers includes the U.S Military, Air Force, Navy, Coast Guard, Marines, Space Force, National Guard, NASA, Federal Aviation Administration (FAA), and the Department of Homeland Security.
Originally known as the California Analysis Center, Inc. and more recently known as Consolidated Analysis Center Incorporated, is a global American professional services and information technology corporation.
According to the corporation, they are a $6 billion company whose purpose, enterprise technology, and experience play a critical role in national security, military safety, and government enablement to deliver cost-effective and high-quality support services for all Americans.
CACI serves as a government contracting agency to different US federal governments such as the Department of Defense, Homeland Security, Intelligence, and Healthcare.
Southwest valley constructors
Southwest Valley Constructors (SWVC), based in Albuquerque, New Mexico, was founded in 2017. It specializes in large-scale buildings for the federal government. The company has a history of cooperating with the US Army Corps of Engineers and US Customs and Border Protection, thanks to a partnership with the Kiewit Corporation.
Southwest Valley constructors is seeking suppliers and offers subcontracting opportunities listed on smartbid.net.
Honeywell International Inc. is an American multinational corporation headquartered in Charlotte, North Carolina. It works in a variety of industries, including aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS).
In 2017, Honeywell International won a $2.4 billion federal government contract. However, their biggest revenue was noted in the fiscal year 2016 amounting to $41.8 billion. The common customers of the company are the Department of Defense and the U.S Army, where they provide avionics, cockpit electronic equipment, navigation tools, engines, and sensors.
Science Applications International or Leidos Holdings Inc.
Formerly known as the Science Applications International Corporation or SAIC, Leidos Holdings Inc is a technology company that leads the nation’s digital transformation. In the defense, space, civilian, and intelligence sectors the company offers IT modernization, mission solution, and high-end solution engineering.
Leidos wanted to bring out their best in delivering innovative, effective, enhanced nation and citizen’s life. With a great understanding of technology, the company has been involved in almost all technological needs like cancer research, tsunami warning systems, and robotics.
Triwest Healthcare Alliance Corp
Most of the companies listed in this article are more often military contractors, few are health insurance providers including TriWest Healthcare Alliance Corp.
The company is situated in Phoenix, Arizona, and it manages health benefits for the Veterans Affairs of the United States (VA). In 2018, the business was given control of the Department of Veterans Affairs for its community care programs. Also, with the help of the Health Net Federal Services, they were managing the outpatient care programs for the same federal agency.
Who can be a government contractor?
Whether you have a small business or a huge corporation you can still bid for government contracts. However, you shall pass through a lot of things to meet the requirements and qualifications in being able to bid on these prime contracts.
Government contracting can be beneficial for the growth and revenue of any business. If you are curious and willing to take the shot on this opportunity, make sure to bring your patience, determination, and perseverance until the end because this journey is time-consuming, exhausting, and demands great effort.
You can gain additional knowledge about government contracting with the help of the Small Business Administration (SBA). Nevertheless, when you win a government contract your business will never stop running and expanding in the long run.