This ranking highlights the scale of America’s top government technology and contracting companies.
Oracle ($803B) leads the pack, followed by
Palantir ($424B), showing how software and data analytics are now as central to government as traditional defense primes like
Lockheed Martin ($114B) and
RTX ($219B). Tech giants like
IBM, Salesforce, and Cisco also feature prominently, reflecting the deep integration of enterprise IT into government operations.
Takeaway: The line between GovTech and GovCon is blurring — software and cloud players are now competing head-to-head with defense contractors for influence and scale in government markets.
Analysis:Software ascendant: Oracle and Palantir’s positions show the rise of data platforms and AI in government decision-making.
Defense still strong: Lockheed, RTX, Northrop, and General Dynamics remain pillars, but their market caps are now rivaled by software firms.
Hybrid players: Salesforce, Cisco, and Dell illustrate how enterprise IT has become indispensable to public sector modernization.
Mid-tier specialists: Booz Allen, CACI, Leidos, Parsons, and Tetra Tech anchor the consulting and systems integration layer.
U.S. GovTech & GovCon Leaders by Market Cap - Voronoi
