How much did the military spend yesterday? $1.4 billion

Northrop Grumman is back on the board for September with two awards; surely they were starting to get worried! One is modification (increase) to an existing contract for engineering support services; the other is a new contract for B-2 hot trailing edge production units. Both total about $100 million. But that pales in comparison to Raytheon's 2 contracts totaling almost half a billion dollars. In one day.

Yesterday's breakdown:

BAE: --
Boeing: --
Booz Allen Hamilton: --
General Dynamics: --
Lockheed Martin: --
Northrop Grumman: $100,301,066 (1 contract, 1 modification)
Raytheon: 451,073,425 (2 contracts)

September to-date totals:

BAE: $288,416,143
Boeing: $93,409,738
Booz Allen Hamilton: $61,265,526
General Dynamics: $126,870,311
Lockheed Martin: $496,880,935
Northrop Grumman: $100,301,066
Raytheon: $559,789,488

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
September 13, 2019
totaling $1,421,314,214

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

Defense Logistics Agency - $648,986,749

Philips Healthcare Informatics (Pleasanton, CA) $400,000,000
SAIC (Fairfield, NJ) $92,000,000
AJ Wholesale Produce (Sheboygan, WI) $48,600,000
Northrop Grumman Systems (Oklahoma City, OK) $42,838,512
Moog, Inc. (Elma, NY) $41,773,400
Raytheon (Andover, MA) $23,774,837

Army - $531,588,356

Raytheon (McKinney, TX) $427,298,588
Honeywell International (Phoenix, AZ) $46,965,295
Oshkosh Defense (Oshkosh, WI) $24,397,228
Great Lakes Dredge & Dock (Oak Brook, IL) $15,577,450
Pontchartrain Partners (New Orleans, LA) $9,956,700
PAF Electrical (Portland, OR) $7,393,100

Air Force - $104,500,000

ITility (Herndon, VA), ValidaTek (McLean, VA), CAE USA Mission Solutions (Tampa, FL) $95,000,000
Rand & Jones Enterprises (Buffalo, NY) $9,500,000

Navy - $100,893,291

Northrop Grumman Systems (Herndon, VA) $57,462,554
American Petroleum Tankers (Blue Bell, PA) $31,548,000
University of Washington (Seattle, WA) $11,882,737

Defense Information Systems Agency - $16,666,666

Iridium Government Services (Tempe, AZ) $16,666,666

Defense Advanced Research Projects Agency - $9,810,053

Exquadrum (Adelanto, CA) $9,810,053

US Transportation Command - $8,869,099

JAR Assets (Mandeville, LA) $8,869,099