Boomberg
Tech Takes the L

Methodology

Data Sources

Defense Budget

  • Primary: US Treasury Fiscal Data API
  • Verification: DoD Comptroller Reports
  • Update Frequency: Annual (fiscal year-end)

Contracts

  • Primary: USAspending.gov API
  • Coverage: All federal contracts to tracked companies
  • Update Frequency: Daily incremental sync

CEO Estimated Wealth

  • Primary: SEC EDGAR Form 4 + Yahoo Finance
  • Calculation: Stock holdings × current price
  • Update Frequency: Daily for public companies

Calculation Methods

Budget Percentage: (Tech Contracts Total ÷ Defense Budget) × 100

Executive Wealth: Shares Owned × Current Stock Price

Wealth Change: Latest Snapshot - Earliest Snapshot

Company Tracking Criteria

A company appears on this site when it is primarily a technology company with a consumer or enterprise identity outside of government work, and has received meaningful federal defense contract revenue under a recognizable parent entity. Traditional defense primes (Lockheed, Raytheon, Northrop, Boeing, and similar) are excluded — their government work already is their public identity, so there's no gap for this site to surface.

New candidates are detected automatically each week from federal contract data and scored on a 10-point rubric: technology sector fit, consumer/enterprise identity, award threshold, parent-entity clarity, and defense-native status. Every candidate gets a written recommendation, but the final decision to add or exclude a company is always made by a human editor — the rubric informs the call, it doesn't make it.

“Adjacent” companies (e.g. Oracle, Intel) have structural government ties — leadership relationships or a direct government ownership stake — that make them editorially relevant without fitting the primary consumer-tech-goes-to-war narrative. They're tracked in the underlying data but not featured on the racetracker.

Verification Process

  1. Data automatically fetched from official government sources
  2. Cross-referenced with secondary sources where available
  3. All data points include source attribution
  4. Confidence level labeled (verified/calculated/estimated)

Limitations & Disclaimers

IMPORTANT

This site presents correlations, not causations. CEO wealth is affected by many factors including overall stock market performance, company valuation changes, personal investments, and economic conditions.

Contract awards are one of many factors that may influence company performance and executive wealth. We present the timeline of events and let readers draw their own conclusions.

Wealth estimates are simplified calculations based on public stock holdings and do not include private assets, options, or other holdings.

Contact & Corrections

Found an error? We take accuracy seriously.

Email: [email protected]