The split of
Total GE federal contract-based revenue jumped 42% from fiscal 2019 to fiscal 2020, reaching an all-time-high for the company of $5 billion. That spike was fueled by a combination of aviation-based spending at the departments of Defense and Homeland Security and purchases by the federal government of equipment related to the Covid-19 response.
GE was the 18th largest federal contractor in fiscal 2020 and was the 11th largest defense contractor.
Bloomberg Government forecasts GE’s ...