How much did the military spend yesterday? $1.8 billion (same as the day before)

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geke633.626 years agoSteemit3 min read

https://geke.us/wp-content/uploads/2018/08/DefenseSpending.001.png

Continuing with our focus on seven corporations that show up on US defense contract lists consistently... yesterday, just one day out of the year, Northrop Grumman snagged 3 contracts worth $102 million, and Boeing and Lockheed Martin both sewed up $25 million. Only BAE was left out yesterday; view all seven below. (Starting in September, we'll track monthly totals, as well.)

Yesterday's breakdown:

BAE: 0
Boeing: $25,672,996 (2 contracts)
Booz Allen Hamilton: $12,464,707 (1 contract)
General Dynamics: $19,027,802 (1 contract)
Lockheed Martin: $25,165,589 (1 contract)
Northrop Grumman: $102,052,424 (3 contracts)
Raytheon: $20,149,760 (2 contracts)

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 29, 2019
totaling $1,828,886,092

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

Army - $798,354,245

Warbud SA SKE Support Services (Warsaw, Poland), Bryan 77 Construction (Colorado Springs, CO), BBGS SP ZOO (Warsaw, Poland), Wolff & Mueller Government Services (Stuttgard, Germany), Oxford Federal Doraco Construction (Castle Rock, CO), Zafer Taahhut Insaat Ve Ticaret Anonim (Ankara, Turkey) $249,950,000
SJ Amoroso Construction (Redwood City, CA) $143,594,000
Jacobs Technology (Tullahoma, TN) $97,762,528
Battistella SPA (Pordenone, Italy), BB Government Services (Vicenza, Italy), Environmental Chemical (Limena, Italy), Eiffage Infraestructuras (Sevilla, Spain), SKE ITALY 2012 (Vicenza, Italy), Tiber River Construction (McLean, VA), Consorzio (Campolongo Maggiore, Italy) $49,950,000
Semper Tek (Lexington, KY) $49,000,000
Rockwell Collins (Cedar Rapids, IA) $40,333,758
Lockheed Martin Global (Orlando, FL) $25,165,589
MW Builders (Pflugerville, TX) $23,477,000
MEB General Contractors (Chesapeake, VA) $20,557,000
General Dynamics Land Systems (Sterling Heights, MI) $19,027,802
PRIDE Industries (Roseville, CA) $17,421,355
Meridian Engineering (Tucson, AZ) $16,950,000
Boeing (Mesa, AZ) $14,746,801
Raytheon Southeast Asia Systems (Andover, MA) $10,843,249
Kokosing Construction / O'Brien & Gere JV (Fredericktown, OH) $10,268,652
Raytheon Integrated Defense Systems (Fullerton, CA) $9,306,511

Defense Logistics Agency - $397,189,186

Arthrex (Naples, FL) $375,000,000
Meggitt Defense Systems (Irvine, CA) $22,189,186

Navy - $330,346,724

Stanley Consultants (Muscatine, IA) $95,000,000
Northrop Grumman Aerospace Systems (Melbourne, FL) $68,883,048
L3 Electronic Devices (Williamsport, PA) $33,082,096
Communications & Power Industries (Beverly, MA) $30,938,890
CH2M / Burns & McDonnell (Englewood, CO) $15,000,000
Northrop Grumman Systems (Linthicum Heights, MD) $14,092,012
Provengo (Merrick, NY) $13,702,500
Bahfed (Portland, OR), Laguna Components (Laguna Beach, CA), Centeva (S. Jordan, UT), Unistar-Sparco Computers (Millington, TN) $11,500,000
Atlantic Diving Supply (Virginia Beach, VA) $11,104,250
IAP World Services (Cape Canaveral, FL) $10,950,782
Boeing (Seattle, WA) $10,926,195
AT&T Government Solutions (Vienna, VA) $8,132,606
Integrated Systems Development (Glen Allen, VA) $7,034,345