MCLEAN, VA, June 07, 2018 (GLOBE NEWSWIRE) -- Washington Technology, an 1105 Media Inc. brand, has released its annual Top 100 rankings of the largest companies selling IT and other technology products and services to the federal government. For the second year in a row there is a new No. 1 company – General Dynamics Corp.
GD captured the top spot with $7.3 billion in prime contracts during fiscal 2017. GD’s rise from No. 6 in 2017 to No. 1 in 2018 is thanked in a large part by its acquisition of CSRA earlier this year.
Last year’s No. 1, Leidos Inc., moved down to the No. 2 spot. Leidos displaced Lockheed Martin, which had held the No. 1 position for 22 years, but sold the bulk of its IT services business to Leidos in 2016.
The annual rankings are based on an analysis of procurement data from the Federal Procurement Data System. Agencies assign codes to all of their spending and Washington Technology uses codes that best represent IT, systems integration, telecommunications, research and develop and professional services to analyze the data and create the rankings.
“The rankings are a great barometer for how the market is changing and how the companies are evolving,” said Washington Technology Editor-in-chief Nick Wakeman.
Some of the major trends represented in the Top 100 include a resurgence in large acquisitions, the importance of IT modernization, and more firms embracing strategies built around presenting customers with solutions rather than just services.
The 2018 Top 100 is the 25th annual rankings Washington Technology has produced since publishing the first Top 100 in 1994.
“Obviously, the market has changed a tremendous amount since then,” Wakeman said. “But the 25th annual rankings also tell us that more change is underway right now with robust M&A activity and companies developing solutions around the cloud and mobility as well as emerging technologies such as artificial intelligence and machine learning.”
Join Washington Technology's webcast on June 20th as they explore the 2018 annual rankings of the largest prime contractors in the federal market. Visit http://washingtontechnology.com to find out more.
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Washington Technology provides actionable and insightful information to all contractors in the government IT and systems integration marketplace. Expert coverage and analysis fuels strategic decisions around partnering, RFPs and resource development, which enables readers to competitively build relationships, bid smartly and win contracts. http://washingtontechnology.com
About 1105 Public Sector Media Group
1105 Public Sector Media Group, a division of 1105 Media, Inc., provides information, insight and analysis to the Government IT sector. Content platforms include print, digital, online, events and a broad spectrum of marketing services. http://1105publicsector.com