How much did the military spend yesterday? $280 million

The only company on our watchlist to garner an award yesterday was Northrop Grumman with a delivery order against a previously issue contract for “engineering support.”

Yesterday's breakdown:­

BAE: --
Boeing: --
Booz Allen Hamilton: --
General Dynamics: --
Lockheed Martin: --
Northrop Grumman: $8,946,044 (1 modification)
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: $235,368,968
Raytheon: $158,302,752

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Below are the contracts awarded by the Defense Department
October 23, 2019
totaling $280,315,074

Recent record daily spending: $6.7 billion on October 18, 2019

Army - $176,241,523

HBP JV (Rochester, NY) $176,241,523

Air Force - $81,723,507

Terma North American (Warner Robins, GA) $60,000,000
General Atomics Aeronautical Systems (Poway, CA) $21,723,507

Defense Logistics Agency - $13,404,000

National Industries for the Blind (Alexandria, VA) $13,404,000

Navy - $8,946,044

Northrop Grumman Systems (Rolling Meadows, IL) $8,946,044

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.