Key Takeaways
- Department of Defense accounted for 59.8% of all federal contract spending in FY2023.
- Department of Veterans Affairs awarded $48.2 billion in contracts FY2023.
- Health and Human Services (HHS) contracts totaled $55.1 billion in FY2023.
- Federal contract employment totaled 5.3 million jobs supported in 2023.
- Government contracting workforce grew 2.1% YoY to 2023.
- Average salary in federal contracting: $95,000 annually in 2023.
- In fiscal year 2023, the total value of federal contract obligations reached $764 billion, marking a 4.5% increase from FY2022.
- Federal contracting accounted for 52% of total federal discretionary spending in FY2023.
- The Department of Defense awarded $457 billion in contracts in FY2023, representing 60% of all federal contracts.
- Small businesses received 28.4% of federal prime contract dollars in FY2023, totaling $202 billion.
- Women-Owned Small Businesses (WOSB) got 5.1% or $36 billion in FY2023.
- Service-Disabled Veteran-Owned Small Businesses (SDVOSB): 3.7% or $26 billion FY2023.
- Lockheed Martin received $45.4 billion in DoD contracts in FY2023.
- Boeing was awarded $26.7 billion in federal contracts in FY2023.
- Raytheon Technologies (RTX) secured $24.1 billion in FY2023.
In FY2023, $764 billion in federal contracts grew 4.5 percent, led by DoD at 60 percent.
Related reading
Contract Awards by Agency
Contract Awards by Agency Interpretation
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Employment and Workforce
Employment and Workforce Interpretation
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Market Size and Growth
Market Size and Growth Interpretation
Small Business Participation
Small Business Participation Interpretation
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- Non Profit Public SectorTop 10 Best Government Contract Software of 2026
- Non Profit Public SectorTop 10 Best Government Contract Management Software of 2026
- Non Profit Public SectorTop 10 Best Federal Government Contract Management Software of 2026
- Non Profit Public SectorTop 10 Best Government Contractor Software of 2026
Top Contractors
Top Contractors Interpretation
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Trends and Regulations
Trends and Regulations Interpretation
How We Rate Confidence
Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.
Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.
AI consensus: 1 of 4 models agree
Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.
AI consensus: 2–3 of 4 models broadly agree
All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.
AI consensus: 4 of 4 models fully agree
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Isabelle Moreau. (2026, February 13). Us Government Contracting Industry Statistics. Gitnux. https://gitnux.org/us-government-contracting-industry-statistics
Isabelle Moreau. "Us Government Contracting Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/us-government-contracting-industry-statistics.
Isabelle Moreau. 2026. "Us Government Contracting Industry Statistics." Gitnux. https://gitnux.org/us-government-contracting-industry-statistics.
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