Other changes of note were: the merger of General Time into Talley Industries Inc.; the merger of Sinclair Oil Corp. into Atlantic Richfield Co.; the acquisition of U. S. Lines by Walter Kidde & Co. Inc. and the relinquishment by the Martin Marietta Corp. of its holdings in the Bunker Ramo Corp. Although the work of many companies on the list involves more than one procurement category, each company has been assigned in the table below to the procurement category that accounts for its largest dollar volume of Defense awards. For example, Ling Temco Vought, Inc. is a multi-industry company producing steel, food, aerospace systems, electronics, etc. For this table it is assigned to "Missiles", the procurement category accounting for its largest dollar volume of awards. Four of the five companies receiving awards of more than $1 billion in FY 1968 reached that level again in FY 1969; however, the total volume of awards to these four companies was $726 million below the FY 1968 volume. The five leading companies and a brief description of their more important Defense work are as follows: Lockheed Aircraft Corp. moved into first place on the list with $2,040 million, or 5.5% of the total. Last year, in second place, this company received $1,870 million, for a percentage of 4.8%. This company's major aircraft contracts included the C-5A Galaxy Jet Transport, the Cheyenne Combat Helicopter (in May 1969 the Army cancelled the production contract awarded in 1968) and the P-3 Orion Patrol Bomber. Missile activities included the Poseidon. General Electric Co. whose contracts totaled $1,621 million, or 4.4% of the total, moved into second place on the list. This compares with $1,489 million, or 3.8% of total for FY 1968. Aircraft engines, principally for the C-5A Galaxy, were an important part of this company's effort. Ordnance contracts were for various types of guns and guidance control systems for missiles. There also were substantial contracts for nuclear propulsion systems for ships. General Dynamics Corp., the leader last year, slipped to third place with $1,243 million, or 3.4% of total. The FY 1968 volume for this company was $2,239 million, and its percentage was 5.8% of total. The company received contracts for aircraft, missiles and ships. Aircraft contracts were principally for the F-111 fighter aircraft. Awards for ships were for new construction of submarines. Missile contracts were for components and systems. McDonnell Douglas Corp., in fifth place last year, ranked fourth this year. For FY 1969, contract awards to this company totaled $1,070 million, or 2.9% of total. Last year total awards amounted to $1,101 million, or 2.8% of total. The aircraft contracts of this company include the F-4 Phantom series of fighter and reconnaissance aircraft. Additionally, substantial awards were obtained for the development of the Manned Orbiting Laboratory. United Aircraft Corp., in fifth place received contracts for $997 million, or 2.7% of total. Last year this company obtained $1,321 million, or 3.4% of total. The prime contracts work of this company is in the production of aircraft, engines and spare parts. The major aircraft contracts were for helicopters, principally the Flying Crane, Sea King and Sea Stallion. |