How much did the military spend yesterday? $453 million

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Sorry I'm so behind on military spending posts; we're traveling in Europe and there's lots to do and see! But last Friday's big winner in defense contract spending was Raytheon with two contracts: one for MK 15 weapon system upgrades and conversions worth $199 million and another for 469 Laser Maverick units worth $47 million.

This information is provided to highlight just how much taxpayer money is spent, per day, to enrich companies participating in the military industrial complex. The idea that our economy requires a governmental redistribution of wealth from individual taxpayers to large corporations that are friendly and well-connected to government came from the Keynesian argument for demand “stimulus” -- that our economy's health depends on higher and higher levels of spending. For this reason, personal saving is discouraged and often penalized by the government. But because individuals still tend to follow personal incentives to save, the Keynesian argument remains in effect: that government should spend money the public is reluctant to spend through tax-and-spend policies.



Below are the contracts awarded by the Defense Department
August 16, 2019
totaling $453,223,342

Recent record daily spending: $17 billion on August 5, 2019


Navy - $253,300,168


Raytheon Missile Systems (Tucson, AZ) $199,591,538
Lockheed Martin Rotary & Mission Systems (Manassas, VA) $27,303,596
The Whiting-Turner Contracting Co. (Baltimore, MD) $15,300,139
Wolverine Fire Protection (Mount Morris, MI) $11,104,895

Air Force - $114,931,213


IBM Research (San Jose, CA) $59,999,958
Raytheon Missile Systems (Tucson, AZ) $47,917,924
Northrop Grumman Systems (Rolling Meadows, IL) $7,013,331

Army - $71,291,370


WMR-532 (Athens, AL) $49,900,000
TW LaQuay Marine (Port Lavaca, TX) $10,736,570
American Council on the Teaching of Foreign Language (White Plains, NY) $10,654,800

Defense Logistics Agency - $13,700,591


Choctawhatchee Electric Cooperative (Eglin AFB, FL) $13,700,591

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