Business & Finance: Defense Specialists

OPM last week figured that six U.S. corporations held 31.3% of the $9,839,000,000 Army and Navy supply contracts issued in the year ended May 31. This startling statistic has one simple explanation: munitions are a specialized product that few U.S. companies as yet know how how make. The big six:

Bethlehem Steel $927,000,000

New York Shipbuilding 507,000,000

General Motors 490,000,000

Curtiss-Wright 444,000,000

Newport News Shipbuilding 389,000,000

Du Pont 318,000,000

Holding the next 43% of all contracts issued during the same year period were 50 other concerns. Among them: Glenn Martin ($249,100,000), Consolidated Aircraft ($226,400,000), U.S. Steel ($209,900,000), Electric Boat ($126,100,000), Republic Aviation ($57,300,000), Savage Arms ($27,200,000).

But OPM's statistic...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!