How much did the military spend yesterday? $1.2 billion

With several smaller contracts and one large one the Pentagon was able to break a billion dollars in spending yesterday. None of the companies on our watchlist received contracts or modifications (increases to previous contracts) but the winner on the day was Dynetics out of Huntsville, Alabama. Its $737 million contract is for “support services” for the Missile and Space Intelligence Center. (I missed a few days in early November but the monthly totals below are up to date.)

Yesterday's breakdown:

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

November to-date totals:

BAE: $
Boeing: $34,230,269
Booz Allen Hamilton: $0
General Dynamics: $
Lockheed Martin: $81,329,859
Northrop Grumman: $
Raytheon: $

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Below are the contracts awarded by the Defense Department
November 5, 2019
totaling $1,202,548,045

Recent record daily spending: $7.3 billion on October 28, 2019

Defense Intelligence Agency - $737,992,267

Dynetics (Huntsville, AL) $737,992,267

Defense Counterintelligence & Security Agency - $100,000,000

METIS / Celestar JV (Tampa, FL) $100,000,000

Army - $96,871,423

Chinook Systems (Arlington, VA), Esp Federal (Chicago, IL), Shearer & Associates (Huntsville, AL), HDR Engineering (Omaha, NE) $49,000,000
Ross Group Construction (Tulsa, OK) $35,042,773
JF Brennan Company (LaCrosse, WI) $12,828,650

Navy - $95,313,983

CH2M Hill Constructors (Englewood, CO), Environmental Chemical (Burlingame, CA), Kellogg, Brown & Root Services (Arlington, VA), URS Group (Morrisville, NC) $80,000,000
Jacobs / Ewingcole JV (Pasadena, CA) $15,313,983

Air Force - $95,000,000

Mission Essential Personnel (New Albany, OH) $95,000,000

Defense Logistics Agency - $77,370,372

Biomet 3I (Palm Beach Gardens, FL) $49,000,000
Aptiv Services 3 US (Irvine, CA) $28,370,372

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.