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Industry · NAICS 325412 · sector 31-33 Manufacturing

Pharmaceutical Preparation Manufacturing

Federal contract obligations classified under NAICS 325412, the organisations that win them and the agencies that award them.

USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026.

Federal agencies obligated $18B in contracts classified under NAICS 325412, Pharmaceutical Preparation Manufacturing, in FY2026, and $70B over the five fiscal years since FY2023; the industry ranks 11 of 526 on this site.

Obligations were about level on FY2025 ($19B), with $0 so far in FY2027.

The largest recipient organisations over FY2022–FY2025 were McKesson Corporation ($39B), Pfizer Inc ($21B) and Merck Sharp & Dohme LLC ($11B).

By place of performance, the most money went to TX, NY and IN.

$18Bcontract obligations, FY2026FY2026 (1 Oct 2025 – 30 Sep 2026) · obligations
$70Bfive-year totalFY2023–FY2027 to date · obligations
$0FY2027 to dateFY2027 · obligations
11 of 526rank among industries on this sitefive-year obligations
565awards of $1.0M+ since FY2023FY2023–FY2027

Contract obligations by fiscal year

$17B
$16B
$19B
$18B
$0
FY2023FY2024FY2025FY2026FY2027*
Contract obligations under NAICS 325412 by fiscal year. *FY2027 runs to the data date and is incomplete.

Compared with the largest industry FY2026

MeasureThis industryAircraft ManufacturingAll contracts
Contract obligations, FY2026$18B$45B$716B
Five-year total$70B$211B$3.0T
Share of all contract obligations, five years2.3%7.1%100%

Top contractors obligations, FY2022–FY2025

#OrganisationObligations
1McKesson Corporation$39B
2Pfizer Inc$21B
3Merck Sharp & Dohme LLC$11B
4Glaxosmithkline, LLC$3.3B
5Eli Lilly and Company$2.8B
6Moderna Us, Inc.$2.3B
7Sanofi Vaccines US Inc.$2.2B
8Bavarian Nordic A/S$785M
9Astrazeneca Pharmaceuticals LP$622M
10Quidel Corp$605M
11McKesson Specialty Distribution LLC$528M
12Emergent Biosolutions Canada Inc$440M
13Orasure Technologies Inc$411M
14Abbott Rapid DX North America LLC$384M
15Dla Troop Support$344M
16Alvogen, Inc.$309M
17Chartwell RX LLC$263M
18Phlow Corp.$237M
19Osang LLC$237M
20Genentech Usa, Inc$167M
21Elusys Therapeutics Inc$154M
22Teva Pharmaceuticals Usa, Inc.$150M
23Partner Therapeutics, Inc.$143M
24Seqirus USA Inc$110M
25Cardinal Health 414, LLC$101M

Buying agencies $1.0M+ awards

Where the work is performed

Largest awards since FY2023

RecipientAwarding agencyTypeAward valueBegunPlaceRecord
McKesson CorporationDepartment of Veterans AffairsContractDelivery Order$1.4B1 Nov 2025TXUSAspending
McKesson CorporationDepartment of Veterans AffairsContractDelivery Order$1.4B1 May 2026TXUSAspending
McKesson CorporationDepartment of Veterans AffairsContractDelivery Order$1.2B1 Jul 2026TXUSAspending
McKesson CorporationDepartment of Veterans AffairsContractDelivery Order$1.2B1 Jun 2026TXUSAspending
McKesson CorporationDepartment of Veterans AffairsContractDelivery Order$1.2B1 Apr 2026TXUSAspending
McKesson CorporationDepartment of Veterans AffairsContractDelivery Order$1.2B1 Oct 2025TXUSAspending
McKesson CorporationDepartment of Veterans AffairsContractDelivery Order$1.2B1 Sep 2025TXUSAspending
McKesson CorporationDepartment of Veterans AffairsContractDelivery Order$1.2B1 Mar 2026TXUSAspending
McKesson CorporationDepartment of Veterans AffairsContractDelivery Order$1.1B1 Jul 2025TXUSAspending
McKesson CorporationDepartment of Veterans AffairsContractDelivery Order$1.1B1 Dec 2025TXUSAspending

Other industries in sector 31-33: Manufacturing

Questions and answers

How much does the federal government spend on NAICS 325412?

$18B in contract obligations classified under Pharmaceutical Preparation Manufacturing in FY2026, $70B over the five fiscal years since FY2023. Obligations are commitments, not payments.

Who are the top contractors in Pharmaceutical Preparation Manufacturing?

McKesson Corporation ($39B), Pfizer Inc ($21B), Merck Sharp & Dohme LLC ($11B), Glaxosmithkline, LLC ($3.3B), Eli Lilly and Company ($2.8B), by contract obligations over FY2022–FY2025.

Which agencies buy in this industry?

By the value of $1.0M-plus contracts since FY2023: Department of Veterans Affairs ($42B), Department of Health and Human Services ($2.9B), Department of Justice ($311M), Department of Defense ($139M), Department of Homeland Security ($22M).

What is a NAICS code?

In USAspending's words: "NAICS stands for the North American Industrial Classification System. This 6-digit code tells you what industry the work falls into. Each contract record has a NAICS code." Assistance awards (grants, loans, direct payments) carry no NAICS code and are not counted here.

Provenance

Source: USAspending.gov API v2, spending by category (NAICS) by fiscal year, recipient cross-tabulation for FY2022–FY2025 and award search, loaded 30 Sep 2026. State figures come from each state's top-100 NAICS list, so small amounts in a state may be missing. See methodology.