Market Overview

The Lucky Beneficiaries Of Tax Day

Share:
The Lucky Beneficiaries Of Tax Day

It’s finally over. The deadline for the world’s most grueling holiday has passed.

Taxpayers can breathe once more, and corporate leaders can redirect their greedy gazes toward the federal government. After all, the tedious financial reviews and subsequent payments ultimately yield contract sales revenue. A decent portion of the annual collection goes straight to the company piggy bank.

Here is a breakdown of last year’s budget receipt, as compiled by the nonpartisan Committee for a Responsible Federal Government, along with some of the fortunate beneficiaries of Tax Day.

Health: 26.3%

From Humana Inc (NYSE: HUM) and Allied Healthcare Products Inc (NASDAQ: AHPI) to Johnson & Johnson (NYSE: JNJ) and Pfizer Inc. (NYSE: PFE), diverse players in the health sector do a bit of business with various U.S. departments, according to the U.S. General Services Administration.

Social Security: 23.6%

According to its most recent summary, the Social Security Administration previously awarded contracts to the likes of Aecom (NYSE: ACM), International Business Machines Corp. (NYSE: IBM), AT&T Inc. (NYSE: T), Verizon Communications Inc. (NYSE: VZ), Microsoft Corporation (NASDAQ: MSFT), Hewlett Packard Enterprise Co (NYSE: HPE), Pacific Gas & Electric Company (NYSE: PCG-A), Comcast Corporation (NASDAQ: CMCSA) and the West Publishing Corporation of Thomson Reuters Corp (NYSE: TRI).

Defense And Military Benefits: 19.8%

As some of the government’s highest-paid contractors, machine manufacturers and information technology bidders include Lockheed Martin Corporation (NYSE: LMT), Northrop Grumman Corporation (NYSE: NOC), Boeing Co (NYSE: BA), Raytheon Company (NYSE: RTN), General Dynamics Corporation (NYSE: GD) and United Technologies Corporation (NYSE: UTX).

Transportation: 2.4%

Lockheed Martin, Raytheon and General Dynamics are also recipients of Department of Transportation contracts, alongside Harris Corporation (NYSE: HRS), Leidos Holdings, Inc. (NYSE: LDOS) and Booz Allen Hamilton Holding Corporation (NYSE: BAH).

Natural Resource Protection: 1%

While Environmental Protection Agency contracts generally go to private companies or nonprofits, a few support the likes of AMEC Foster Wheeler plc American Depositary Shares (NYSE: AMFW), Becton Dickinson and Co (NYSE: BDX), Ecology and Environment (NASDAQ: EEI) and RTI International Metals, Inc. (NYSE: RTI).

Related Link:

Private Companies Profit Big On Government Contracts

Posted-In: Committee for a Responsible Federal Government Department of Transportation Environmental Protection AgencyNews Education Events Trading Ideas General Best of Benzinga

 

Related Articles (AHPI + ACM)

View Comments and Join the Discussion!
Loading...
Loading...