How much did the military spend yesterday? $6.7 billion

None of the companies on our watchlist received awards from the Pentagon yesterday, but quite a bit of money was spent. An Air Force contract worth $6 billion was awarded to seven companies for Combat Air Force air support operations.

Yesterday's breakdown:

BAE: --
Boeing: --
Booz Allen Hamilton: --
General Dynamics: --
Lockheed Martin: --
Northrop Grumman: --
Raytheon: --

October to-date totals:

BAE: $82,590,985
Boeing: $201,211,382
Booz Allen Hamilton: $0
General Dynamics: $434,370,635
Lockheed Martin: $355,893,416
Northrop Grumman: $208,169,003
Raytheon: $29,852,490

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Below are the contracts awarded by the Defense Department
October 18, 2019
totaling $6,733,179,364

Recent record daily spending: $10 billion on September 27, 2019

Air Force - $6,400,000,000

Air USA (Edgewood, NM), Airborne Tactical Advantage (Newport News, VA), Blue Air Training (Las Vegas, NV), Coastal Defense (Mill Hall, PA), Draken International (Lakeland, FL), Tactical Air Support (Reno, NV), Top Aces (Mesa, AZ) $6,400,000,000

Army - $159,138,000

Oshkosh Defense (Oshkosh, WI) $159,138,000

Defense Logistics Agency - $91,572,250

Patriot Industries (Monticello, KY) $51,752,250
Veterans Healthcare Supply Solutions (Jacksonville, FL) $40,000,000

Navy - $82,469,114

General Electric (Grand Rapids, MI) $61,151,029
Rockwell Collins Aerospace (Cedar Rapids, IA) $21,318,085

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. Its spending primarily enriches the military industrial complex, including the big seven: BAE, Boeing, Booz Allen Hamilton, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon.