How much did the military spend yesterday? $699 million

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geke633.626 years agoBusy3 min read

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Today, we're going to shift focus from looking at just the top earner in defense contracts. Instead, we'll start looking at seven corporations I see showing up on these lists week after week.

It might be useful to start a running tally on what these seven corporations are consistently siphoning out from the US tax revenue pool. Starting with today's numbers, I'll keep totals on what each company earned for the current day and the current month. (Please note that my tally will be approximate as I can't make these posts every day, though I try. But even an approximate tally will be illuminating.)

So today, just one day out of the year, BAE pulls in $83 million, Lockheed Martin gets $112 million, and Northrop Grumman walks away with $50 million. In one day.

Today's breakdown:

BAE: $83,934,598
Boeing: 0
Booz Allen Hamilton: 0
General Dynamics: $14,678,125
Lockheed Martin: $112,295,724
Northrop Grumman: $50,871,700
Raytheon: 0

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 27, 2019
totaling $699,332,897

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

Navy - $423,415,954

Southwest Construction & Property Management (San Bruno, CA), Bishop Inc. (Orange, CA), J Davis Construction Management (Oxnard, CA), Trumble Construction d/b/a RBT Construction (Texarkana, TX), BC Schmidt Construction (Williams, CA), Heffler Contracting Group (El Cajon, CA) $240,000,000
CDM Federal Programs (Fairfax, VA) $49,000,000
Lockheed Martin Rotary & Mission Systems (Littleton, CO) $44,308,222
Phoenix International Holdings (Largo, MD) $37,775,336
DynCorp International (McLean, VA) $27,079,693
Lockheed Martin Aeronautics (Ft. Worth, TX) $25,252,703

Army - $139,136,345

Northrop Grumman Systems (Herndon, VA) $50,871,700
Lockheed Martin Rotary Mission Systems (Owego, NY) $42,734,799
DLT Solutions (Herndon, VA) $15,928,239
General Dynamics Land Systems (Sterling Heights, MI) $14,678,125
Triumph Engine Control Systems (W. Hartford, CT) $7,473,340
Trident Technologies (Huntsville, AL) $7,450,142