Top Treasury paper (except newsprint) mills contractors
In the 12 months ending Oct 5, 2026, the Department of the Treasury obligated $168.6M in net prime contract dollars under NAICS 322121, down 2.8% from $173.5M in the preceding 12 months. 1 prime contractors received positive obligations, and 1 of them accounted for 80% of that spend.
Prime contracts funded by the Department of the Treasury. Latest 12 months: Oct 6, 2025 to Oct 5, 2026. Source: USAspending.gov.
Obligations by fiscal year
Net prime contract obligations by federal fiscal year (October to September).
Top Treasury contractors for NAICS 322121
Ranked by positive obligations in the latest 12 months. Share is of all positive obligations in this market.
| # | Contractor | Latest 12 mo | Prior 12 mo | Share | Rank change |
|---|---|---|---|---|---|
| 1 | Crane & Co., Inc. | $168.6M | $173.5M | 100.0% | — |
What changed in the last 12 months
Contractors with the largest change in reported obligations versus the preceding 12 months.
Largest declines
- Crane & Co., Inc.$173.5M → $168.6M (−$4.9M) · now #1
Where the money comes from
Funding sub-agencies within the Department of the Treasury, latest 12 months. The funding organization can differ from the office that runs the requirement.
| Funding sub-agency | Latest 12 mo | Prior 12 mo | Change |
|---|---|---|---|
| Bureau of Engraving and Printing | $168.6M | $173.5M | Down $4.9M (2.8%) |
Potential recompetes
Large awards in this market whose current period of performance ends in the next 18 months. Treat these as research leads: options, extensions, and follow-on vehicles often change the timing.
| Award | Incumbent | Obligated | Current end |
|---|---|---|---|
| 2031ZA26F00427 | Crane & Co., Inc. WCF OCTOBER 2026 DELIVERIES, CURRENCY PAPER | $10.1M | Oct 29, 2026 |
| 2031ZA26F00426 | Crane & Co., Inc. ECF OCTOBER 2026 DELIVERIES, CURRENCY PAPER | $8.9M | Oct 29, 2026 |
| 2031ZA26F00429 | Crane & Co., Inc. WCF CFD $50 TEST W/MOS TEST SHEETS AND OUTTURNS | $1.4M | Nov 12, 2026 |
| 2031ZA26F00456 | Crane & Co., Inc. ECF NOVEMBER 2026 OPTICALLY VARIABLE THREAD (OVT) ORDER | $1.3M | Nov 24, 2026 |
Common questions
Who are the top Treasury contractors for NAICS 322121?
In the latest 12 months, Crane & Co., Inc. ($168.6M) received the most Treasury obligations for paper (except newsprint) mills.
How concentrated is this market?
The eight largest primes held 100.0% of positive obligations, and Crane & Co., Inc. alone held 100.0%. 0 contractors won their first obligations in this market during the latest 12 months.
Are any large Treasury NAICS 322121 contracts ending soon?
4 of the largest awards in this market reach their current end date in the next 18 months. The first is 2031ZA26F00427 (Crane & Co., Inc., $10.1M obligated), ending Oct 29, 2026. An end date is a research lead, not a confirmed recompete: options and extensions often move it.
Related markets
Figures are net obligations on prime contracts (award types A–D) from USAspending.gov, grouped by funding agency and the NAICS code on each award. Net obligations include deobligations and corrections, so they can differ from positive-obligation totals. See methodology.
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