Plenty of dry powder

By

30 of the major publicly traded companies in the government market are sitting on $27 billion in cash that could be used to make acquisitions.

Thirty of the major publicly traded companies in the government market are sitting on $27 billion in cash that could be used to make acquisitions, according to an analysis by BB&T Capital Markets/Windsor Group. Here are the top 10 companies in that category:

M&A Special Report

M&A: Booz Allen named top deal
M&A 2009 Forecast
M&A Top Deals
M&A Hot Markets
M&A Roundup

Company                                                 Amount of cash
Boeing Co.                                                $4.8 billion
BAE Systems plc                                     $2.9 billion
Accenture                                                  $2.8 billion
Raytheon Co.                                           $2.8 billion
General Dynamics Corp.                       $2.6 billion
Lockheed Martin Corp.                           $2.5 billion
Honeywell International Inc.                  $2.3 billion
Northrop Grumman Corp.                     $1.0 billion
ITT Corp.                                                   $957.3 million
L-3 Communications Holdings Inc.    $857 million

Source: BB&T Capital Markets/Windsor Group

NEXT STORY: Alaska Native set-asides to undergo review