The Cybersecurity 500 Top Defense Contractors

Eleven of the top defense contractors showed up on the Q2 Cybersecurity 500 list of the world’s hottest and most innovative cybersecurity companies.

The cybersecurity industry is growing from $71 billion in 2014 to more than $155 billion in 2019, according to consolidated estimates by IT research firms and analysts cited in the Cybersecurity Market Report, published quarterly by Cybersecurity Ventures.

There are many new entrants as well as mergers and acquisitions, investment and IPO activity that is constantly changing the vendor and service provider landscape. The Cybersecurity 500 creates awareness and recognition for the most innovative cybersecurity companies – ranging from the largest and most recognizable brands, to venture capital-backed start-ups and emerging players, to small firms with potentially game-changing technologies, to solution providers poised for growth around productized or vertically focused services, and federal agencies.

The defense contractors, in the order in the order in which they are listed on the Cybersecurity 500 list are:

#10, Lockheed Martin

#81, Leidos

#170, Raytheon

#238, Northrop Grumman

#257, HP

#269, CACI

#281, General Dynamics

#370, BAE Systems

#374, CSC

#378, Booz Allen

#391, SAIC

Boeing, which was on the Q1 list, was notably absent from the most current compilation.

The Wall Street Journal reported in early 2015 that Boeing was exiting the commercial cybersecurity business and that Symantec was acquiring staff and technology licenses from Boeing’s Narus unit.

Other media depicted the transaction as an “acquisition.” But further research indicated Symantec only hired some of the Narus staff. It appears Boeing retained ownership of the Narus intellectual property (software) and customer base.

“To be clear, Boeing has most definitely not exited the cybersecurity business,” said Andrew Lee, senior manager and division communications lead, Boeing Electronic & Information Solutions. “We continue to support a variety of defense, government and security customers with cybersecurity and data analytics products and services. It is correct that with the divestiture of Narus, we are not focusing on commercial cybersecurity for the time being.”

Hmm … Boeing has not exited the cybersecurity business, but they are not focused on it.

Defense contractor Raytheon made the biggest news in recent months. They are investing $1.57 billion to create a new cybersecurity company with private-equity firm Vista Equity Partners LLC. The new firm will combine Raytheon Co.’s cyber products unit with Websense Inc., which Raytheon agreed to acquire from Vista.

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