44 Companies That Could Get Crushed If The Government Cuts Spending

via Business Insider: 

 

The threat of the “fiscal cliff” remains one of the most important events weighing on U.S. markets 

To recap, if Congress does nothing before the end of the year, a series of tax cuts and spending programs will expire and combine to shrink GDP by up to 4 percent, according to Goldman Sachs analysts.

While we’d all suffer, some companies would get hit more than others.

The last time we had a major debate on government spending levels — the debt ceiling talks of 2011 — companies with heavy exposure to government significantly underperformed, Goldman says.

Earlier this year, Goldman put together the list of U.S. companies whose revenues rely most on the government.

We grabbed the 44 whose revenues are 50 percent or more taxpayer dependent.

 

AMERIGROUP Corp.

Ticker: AGP

Sales exposure to government: 100%

Description: Health care providers and services

Source: Goldman Sachs Research

Centene Corp.

Centene Corp.

Ticker: CNC

Sales exposure to government: 100%

Description: Health care providers and services

Source: Goldman Sachs Research

Molina Healthcare Inc.

Ticker: MOH

Sales exposure to government: 100%

Description: Health care providers and services

Source: Goldman Sachs Research

WellCare Health Plans Inc.

Ticker: WCG

Sales exposure to government: 93%

Description: Health care providers and services

Source: Goldman Sachs Research

Huntington Ingalls Industries Inc.

Huntington Ingalls Industries Inc.

The Navy’s unmanned surface vessel, Powervent, is set up with cameras, computer systems and non-lethal weapons

U.S. Navy/Betsy Knapper

Ticker: HII

Sales exposure to government: 99%

Description: Shipbuilder

Source: Goldman Sachs Research

Lockheed Martin Corp.

Lockheed Martin Corp.

Lockheed Martin’s F-35 Lightning II multi-role fighter

Lockheed Martin

Ticker: LMT

Sales exposure to government: 97%

Description: Aerospace and defense systems developer

Source: Goldman Sachs Research

Granite Construction Inc.

Granite Construction Inc.

AFP/Getty Images

Ticker: GVA

Sales exposure to government: 95%

Description: Contracting and construction

Source: Goldman Sachs Research

Northrop Grumman Corp.

Northrop Grumman Corp.

Northrop Grumman’s B2-Spirit stealth bomber

Wikipedia

Ticker: NOC

Sales exposure to government: 90%

Description: Aerospace and defense systems developer

Source: Goldman Sachs Research

L-3 Communications

Ticker: LLL

Sales exposure to government: 90%

Description: Aerospace equipment developer

Source: Goldman Sachs Research

Universal American Corp.

Ticker: UAM

Sales exposure to government: 90%

Description: Health care providers and services

Source: Goldman Sachs Research

Raytheon

Raytheon

Raytheon’s guided missile system.

Raytheon

Ticker: RTN

Sales exposure to government: 86%

Description: Aerospace and defense systems developer

Source: Goldman Sachs Research

AeroVironment Inc.

Ticker: AVAV

Sales exposure to government: 85%

Description: Aerospace and defense systems developer

Source: Goldman Sachs Research

Harris Corp.

Ticker: HRS

Sales exposure to government: 82%

Description:  Communication  and  IT services  provider

Source: Goldman Sachs Research

Alliant Techsystems

Ticker: ATK

Sales exposure to government: 82%

Description: Aerospace and defense systems developer

Source: Goldman Sachs Research

Humana Inc.

Humana Inc.

AP Photo/Brian Bohannon

Ticker: HUM

Sales exposure to government: 81%

Description: Health care providers and services

Source: Goldman Sachs Research

Illumina Inc.

Ticker: ILMN

Sales exposure to government: 80%

Description: Life sciences tools and services

Source: Goldman Sachs Research

General Dynamics

General Dynamics

General Dynamics Abrams M1A1 Main Battle Tank

Wikipedia

Ticker: GD

Sales exposure to government: 80%

Description: Aerospace and defense systems developer

Source: Goldman Sachs Research

FLIR Systems Inc.

FLIR Systems Inc.

Ticker: FLIR

Sales exposure to government: 78%

Description: Thermal imaging systems developer

Source: Goldman Sachs Research

Edwards Life Sciences

Edwards Life Sciences

Ticker: EW

Sales exposure to government: 72%

Description: Health care equipment and supplies

Source: Goldman Sachs Research

Bruker Corp.

Bruker Corp.

Ticker: BRKR

Sales exposure to government: 69%

Description: Life sciences tools and services

Source: Goldman Sachs Research

Stryker Corp.

Ticker: SYK

Sales exposure to government: 69%

Description: Health care equipment and supplies

Source: Goldman Sachs Research

Tetra Tech Inc.

Tetra Tech Inc.

Ticker: TTEK

Sales exposure to government: 69%

Description: Natural resource services and consulting

Source: Goldman Sachs Research

Becton Dickinson & Co.

Ticker: BDX

Sales exposure to government: 68%

Description: Health care equipment and supplies

Source: Goldman Sachs Research

Zimmer Holdings Inc.

Ticker: ZMH

Sales exposure to government: 68%

Description: Health care equipment and supplies

Source: Goldman Sachs Research

URS Corp.

URS Corp.

AP

Ticker: URS

Sales exposure to government: 68%

Description: Power generator maintenance

Source: Goldman Sachs Research

St. Jude Medical Inc.

Ticker: STJ

Sales exposure to government: 68%

Description: Health care equipment and supplies

Source: Goldman Sachs Research

Baxter International

Baxter International

Ticker: BAX

Sales exposure to government: 68%

Description: Health care equipment and supplies

Source: Goldman Sachs Research

Boston Scientific Corp.

Boston Scientific Corp.

AP

Ticker: BSX

Sales exposure to government: 68%

Description: Health care equipment and supplies

Source: Goldman Sachs Research

DaVita Inc.

DaVita Inc.

AP Photo/Phil Coale

Ticker: DVA

Sales exposure to government: 66%

Description: Health care providers and services

Source: Goldman Sachs Research

Covidien

Covidien

Ticker: COV

Sales exposure to government: 65%

Description: Health care equipment and supplies

Source: Goldman Sachs Research

Magellan Health Services Inc.

Ticker: MGLN

Sales exposure to government: 65%

Description: Health care providers and services

Source: Goldman Sachs Research

Motorola

Motorola

Ticker: MSI

Sales exposure to government: 65%

Description:  Communication  and  IT  service  provider

Source: Goldman Sachs Research

Hospira Inc.

Ticker: HSP

Sales exposure to government: 64%

Description: Health care equipment and supplies

Source: Goldman Sachs Research

Medtronic

Medtronic

Ticker: MDT

Sales exposure to government: 63%

Description: Health care equipment and supplies

Source: Goldman Sachs Research

AECOM Technology Corp.

Ticker: ACM

Sales exposure to government: 62%

Description:  Infrastructure  maintenance

Source: Goldman Sachs Research

Bombardier

Ticker: BBD

Sales exposure to government: 53%

Description: Aerospace equipment developer

Source: Goldman Sachs Research

Omnicare Inc.

Ticker: OCR

Sales exposure to government: 53%

Description: Health care providers and services

Source: Goldman Sachs Research

HCA Holdings Inc.

HCA Holdings Inc.

AP Images

Ticker: HCA

Sales exposure to government: 53%

Description: Health care providers and services

Source: Goldman Sachs Research

Clean Harbors

Ticker: CLH

Sales exposure to government: 50%

Description: Hazmat services

Source: Goldman Sachs Research

Republic Services

Ticker: RSG

Sales exposure to government: 50%

Description: Waste management services

Source: Goldman Sachs Research

Waste Connections

Ticker: WCN

Sales exposure to government: 50%

Description: Waste management services

Source: Goldman Sachs Research

Waste Management

Waste Management

AP/David J. Phillip

Ticker: WM

Sales exposure to government: 50%

Description: Waste management services

Source: Goldman Sachs Research

Health Net Inc.

Ticker: HNT

Sales exposure to government: 50%

Description: Health care providers and services

Source: Goldman Sachs Research

Affymetrix Inc.

Ticker: BRKR

Sales exposure to government: 70%

Description: Life sciences tools and services

Source: Goldman Sachs Research

 

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