How much did the military spend yesterday? $1.54 billion

Yesterday's big winner in defense spending was ERAPSCO, a joint venture of Sparton and USSI, with a $1 billion contract for the manufacture and delivery of sonobuoys (anti-submarine warfare acoustic sensors).

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.

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Below are the contracts awarded by the Defense Department
July 18, 2019
totaling $1,541,093,557

Recent record daily spending: $10 billion on May 8, 2019

Navy - $1,333,794,451

ERAPSCO (Columbia City, IN) $1,041,042,690
MW Services (Temecula, CA) $99,000,000
Lockheed Martin Aeronautics (Ft. Worth, TX) $77,708,000
Lockheed Martin Aeronautics (Ft. Worth, TX) $34,670,000
Lockheed Martin Rotary & Mission Systems (Moorestown, NJ) $22,558,157
RA Burch Construction (Ramona, CA) $17,521,988
San Diego Gas & Electric (San Diego, CA) $13,509,411
IBM (Yorktown, NY) $12,000,000
Lockheed Martin Aculight (Bothell, WA) $8,184,205
Alliance Steel Construction (Superior, WI) $7,600,000

Defense Logistics Agency - $135,699,163

Point Blank Enterprises (Pompano Beach, FL) $63,491,328
Leading Technology Composites (Wichita, KS) $41,888,000
Gossner Foods (Logan, UT) $30,319,835

Army - $71,599,943

Crowley Holdings (New Orleans, LA) $21,053,340
Advanced Technology Systems (McLean, VA) $17,896,404
Buchanan & Edwards (Arlington, VA) $9,283,593
Northrop Grumman Systems (McLean, VA) $8,665,561
Great Lakes Dredge & Dock (Oak Brook, IL) $7,689,500
InfoScitex (Littleton, MA) $7,011,545