Here Are 44 Companies That Get Slammed If The Government Slashes Spending

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Every company has been bracing for the fiscal cliff in their own ways.Some have been delaying capital expenditures until uncertainty clears up, while others have been dumping cash on their shareholders in the forms of special or accelerated dividends.

But the companies significantly exposed to government spending can do little but lobby as they wait to see how sequestration will unfold.

Earlier this year, Goldman Sachs compiled a list of stocks that generate the significant amounts of business from the government. 

We’ve pulled the 44 companies that have 50 per cent or more of their business exposed.

It’s worth noting that defence stocks, which are almost completely reliant on government spending, are near their highs of the year.

[slideshow]
[slide
permalink=”health-net-inc-1″
title=”Health Net Inc.”
content=”Ticker: HNT

Sales exposure to government: 50%

Description: Health care providers and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dca3a96bb3f7a14c00000e/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”waste-management-2″
title=”Waste Management”
content=”Ticker: WM

Sales exposure to government: 50%

Description: Waste management services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dca304ecad04db69000000/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”waste-connections-3″
title=”Waste Connections”
content=”Ticker: WCN

Sales exposure to government: 50%

Description: Waste management services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dca29469bedd357a00001c/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”republic-services-4″
title=”Republic Services”
content=”Ticker: RSG

Sales exposure to government: 50%

Description: Waste management services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dca1f96bb3f7a04a00000e/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”clean-harbors-5″
title=”Clean Harbors”
content=”Ticker: CLH

Sales exposure to government: 50%

Description: Hazmat services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dca0706bb3f7924a000005/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”hca-holdings-inc-6″
title=”HCA Holdings Inc.”
content=”Ticker: HCA

Sales exposure to government: 53%

Description: Health care providers and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dca0e4eab8eaf22200000c/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”omnicare-inc-7″
title=”Omnicare Inc.”
content=”Ticker: OCR

Sales exposure to government: 53%

Description: Health care providers and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc9f92eab8ea002000000b/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”bombardier-8″
title=”Bombardier”
content=”Ticker: BBD

Sales exposure to government: 53%

Description: Aerospace equipment developer

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc9f28eab8ea0220000005/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”aecom-technology-corp-9″
title=”AECOM Technology Corp.”
content=”Ticker: ACM

Sales exposure to government: 62%

Description: Infrastructure maintenance

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc9eda69beddca7100000c/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”medtronic-10″
title=”Medtronic”
content=”Ticker: MDT

Sales exposure to government: 63%

Description: Health care equipment and supplies

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/4e38157eecad04ff5c000038/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”hospira-inc-11″
title=”Hospira Inc.”
content=”Ticker: HSP

Sales exposure to government: 64%

Description: Health care equipment and supplies

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc9e00eab8eab718000020/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”motorola-solutions-inc-12″
title=”Motorola Solutions Inc.”
content=”Ticker: MSI

Sales exposure to government: 65%

Description: Communication and IT service provider

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/4e5550d769bedd373b00001c/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”magellan-health-services-inc-13″
title=”Magellan Health Services Inc.”
content=”Ticker: MGLN

Sales exposure to government: 65%

Description: Health care providers and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc9d5e6bb3f78e3f000012/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”covidien-14″
title=”Covidien”
content=”Ticker: COV

Sales exposure to government: 65%

Description: Health care equipment and supplies

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc9ce5eab8eafd1a000003/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”davita-inc-15″
title=”DaVita Inc.”
content=”Ticker: DVA

Sales exposure to government: 66%

Description: Health care providers and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc86bbecad04d133000001/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”boston-scientific-corp-16″
title=”Boston Scientific Corp.”
content=”Ticker: BSX

Sales exposure to government: 68%

Description: Health care equipment and supplies

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc85ed69bedd583200001f/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”baxter-international-17″
title=”Baxter International”
content=”Ticker: BAX

Sales exposure to government: 68%

Description: Health care equipment and supplies

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc83d2eab8ea265b00001d/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”st-jude-medical-inc-18″
title=”St. Jude Medical Inc.”
content=”Ticker: STJ

Sales exposure to government: 68%

Description: Health care equipment and supplies

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc82f96bb3f7e311000004/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”urs-corp-19″
title=”URS Corp.”
content=”Ticker: URS

Sales exposure to government: 68%

Description: Power generator maintenance

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc829369bedd302d00000b/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”zimmer-holdings-inc-20″
title=”Zimmer Holdings Inc.”
content=”Ticker: ZMH

Sales exposure to government: 68%

Description: Health care equipment and supplies

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc6faeecad047d03000012/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”becton-dickinson-and-co-21″
title=”Becton Dickinson & Co.”
content=”Ticker: BDX

Sales exposure to government: 68%

Description: Health care equipment and supplies

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc818cecad04d326000012/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”tetra-tech-inc-22″
title=”Tetra Tech Inc.”
content=”Ticker: TTEK

Sales exposure to government: 69%

Description: Natural resource services and consulting

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc810b6bb3f7700f00000b/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”stryker-corp-23″
title=”Stryker Corp.”
content=”Ticker: SYK

Sales exposure to government: 69%

Description: Health care equipment and supplies

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc8094ecad04cc28000008/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”bruker-corp-24″
title=”Bruker Corp.”
content=”Ticker: BRKR

Sales exposure to government: 69%

Description: Life sciences tools and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc7f60ecad043420000021/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”affymetrix-inc-25″
title=”Affymetrix Inc.”
content=”Ticker: AFFX

Sales exposure to government: 70%

Description: Life sciences tools and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc7ea7eab8ea715300001b/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”edwards-life-sciences-26″
title=”Edwards Life Sciences”
content=”Ticker: EW

Sales exposure to government: 72%

Description: Health care equipment and supplies

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc7e1f69bedd202100001b/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”flir-systems-inc-27″
title=”FLIR Systems Inc.”
content=”Ticker: FLIR

Sales exposure to government: 78%

Description: Thermal imaging systems developer

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc7dab6bb3f7710600000b/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”general-dynamics-28″
title=”General Dynamics”
content=”Ticker: GD

Sales exposure to government: 80%

Description: Aerospace and defence systems developer

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/4dda7c3749e2ae6138010000/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”illumina-inc-29″
title=”Illumina Inc.”
content=”Ticker: ILMN

Sales exposure to government: 80%

Description: Life sciences tools and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc7c516bb3f77a06000007/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”humana-inc-30″
title=”Humana Inc.”
content=”Ticker: HUM

Sales exposure to government: 81%

Description: Health care providers and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/4e3818776bb3f70e6a000046/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”alliant-techsystems-31″
title=”Alliant Techsystems”
content=”Ticker: ATK

Sales exposure to government: 82%

Description: Aerospace and defence systems developer

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc7bb7ecad040720000003/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”harris-corp-32″
title=”Harris Corp.”
content=”Ticker: HRS

Sales exposure to government: 82%

Description: Communication and IT service provider

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc7a8b6bb3f76c04000003/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”aerovironment-inc-33″
title=”AeroVironment Inc.”
content=”Ticker: AVAV

Sales exposure to government: 85%

Description: Aerospace and defence systems developer

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dcd00a69bedd1473000006/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”raytheon-34″
title=”Raytheon”
content=”Ticker: RTN

Sales exposure to government: 86%

Description: Aerospace and defence systems developer

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc7619eab8ea114100001c/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”universal-american-corp-35″
title=”Universal American Corp.”
content=”Ticker: UAM

Sales exposure to government: 90%

Description: Health care providers and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc768aeab8eaee43000007/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”l-3-communications-36″
title=”L-3 Communications”
content=”Ticker: LLL

Sales exposure to government: 90%

Description: Aerospace equipment developer

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc76e4ecad040511000039/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”northrop-grumman-corp-37″
title=”Northrop Grumman Corp.”
content=”Ticker: NOC

Sales exposure to government: 90%

Description: Aerospace and defence systems developer

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc7858ecad041c1300001a/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”wellcare-health-plans-inc-38″
title=”WellCare Health Plans Inc.”
content=”Ticker: WCG

Sales exposure to government: 93%

Description: Health care providers and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc791eecad04be19000000/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”granite-construction-inc-39″
title=”Granite Construction Inc.”
content=”Ticker: GVA

Sales exposure to government: 95%

Description: Contracting and construction

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc789569bedde812000023/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”lockheed-martin-corp-40″
title=”Lockheed Martin Corp.”
content=”Ticker: LMT

Sales exposure to government: 97%

Description: Aerospace and defence systems developer

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc78bceab8ea6946000003/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”huntington-ingalls-industries-inc-41″
title=”Huntington Ingalls Industries Inc.”
content=”Ticker: HII

Sales exposure to government: 99%

Description: Shipbuilder

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc78eceab8eafe4800000a/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”molina-healthcare-inc-42″
title=”Molina Healthcare Inc.”
content=”Ticker: MOH

Sales exposure to government: 100%

Description: Health care providers and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc79436bb3f7727a00000e/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”centene-corp-43″
title=”Centene Corp.”
content=”Ticker: CNC

Sales exposure to government: 100%

Description: Health care providers and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc7961ecad04be19000003/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”amerigroup-corp-44″
title=”Amerigroup Corp.”
content=”Ticker: AGP

Sales exposure to government: 100%

Description: Health care providers and services

Source: Goldman Sachs Research”
image=”http://static.businessinsider.com/image/50dc79886bb3f7e67e000002/image.jpg”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”for-more-on-the-fiscal-cliff-45″
title=”For more on the fiscal cliff…”
content=”See our epic explainer on the full ramifications of sequestration cuts >
image=”http://static.businessinsider.com/image/505bba5869bedde263000002/image.jpg”
caption=””
credit=””
credit_href=””
]
[/slideshow]