How much did the military spend yesterday? $395 million

Yesterday's big winner was BAE Systems with an $88 million modification (increase) to an existing Army contract for build materials for the Self-Propelled Howitzer, Carrier-Ammunition Tracked Vehicle.

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
July 30, 2019
totaling $395,955,317

Recent record daily spending: $10 billion on May 8, 2019

Army - $185,973,795

BAE Systems Land & Armaments (York, PA) $88,000,000
Tidewater (Elkridge, MD), NIKA Technologies (Rockville, MD), Bowers & Kubota Consulting (Waipahu, HI), HFS (San Antonio, TX) $25,000,000
Northrop Grumman (Herndon, VA) $24,436,905
General Atomics Aeronautical System (Poway, CA) $21,742,996
Burns & McDonnell Engineering (Kansas City, MO) $15,000,000
Accenture Federal Services (Arlington, VA) $11,793,894

Navy - $141,904,773

Ultra Electronics Advanced Tactical Systems (Austin, TX) $39,920,000
Harris Corp. (Clifton, NJ) $31,312,350
Ultra Electronics Undersea Sensor Systems (Columbia City, IN) $24,865,776
Raytheon Integrated Defense Systems (Marlborough, MA) $14,296,116
Power Pro Plus (Rancho Cucamonga, CA) $12,204,059
Boeing (Seattle, WA) $10,565,320
Oregon State University (Corvallis, OR) $8,741,152

Defense Logistics Agency - $58,713,749

Schuyler Line Navigation (Annapolis, MD) $43,103,161
Pocono Profoods (Stroudsburg, PA) $15,610,588

Air Force - $9,363,000

Watterson Construction (Anchorage, AK) $9,363,000