How much did the military spend yesterday? $2.6 billion

Topping yesterday's defense contract list was Lockheed Martin with a $1.4 billion modification (increase) to a contract for Terminal High Altitude Area Defense Interceptor support items. This modification increases the value of the contract from $3.9 billion to $5.3 billion.

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 19, 2019
totaling $2,655,698,446

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

Missile Defense Agency - $1,473,941,756

Lockheed Martin Missiles & Fire Control (Dallas, TX) $1,473,941,756

Air Force - $489,802,410

United Technologies d/b/a Pratt & Whitney Military Engines (E. Hartford, CT) $253,708,434
Raytheon (Marlborough, MA) $191,011,135
DynCorp International (Ft. Worth, TX) $37,641,699
University of Toledo (Toledo, OH) $7,441,142

Defense Logistics Agency - $407,576,803

Brit Systems (Dallas, TX) $400,000,000
Hartford Provisions d/b/a HPC Foodservice (S. Windsor, CT) $7,576,803

Navy - $216,902,904

Allied Systems (Sherwood, OR) $70,655,603
Progeny Systems (Manassas, VA) $51,071,180
Raytheon (Marlborough, MA) $27,344,029
General Dynamics Mission Systems (Fairfax, VA) $26,053,985
General Dynamics Mission Systems (Fairfax, VA) $22,778,107
PC Mechanical (Santa Maria, CA) $19,000,000

Army - $58,638,573

PAE Government Systems (Arlington, VA) $22,578,864
TDX Quality (Anchorage, AK) $19,315,709
Inland Dredging (Dyersburg, TN) $16,744,000

Defense Information Systems Agency - $8,836,000

Iridium Satellite (Tempe, AZ) $8,836,000