How much did the military spend yesterday? $2.03 billion

in #deepdiveslast year

In addition to the awards to companies on our watchlist, of special note yesterday was a $1.2 billion contract awarded to Rolls-Royce for “sustainment support” of the V-22 AE1107C engine.

Yesterday's breakdown:

BAE: $99,780,745 (1 modification)
Boeing: --
General Dynamics: $132,037,729 (1 contract, 1 modification)
L3: --
Lockheed Martin: --
Northrop Grumman: --
Raytheon: $228,206,645 (1 contract, 1 modification)

November to-date totals:

BAE: $233,622,824
Boeing: $102,126,194
General Dynamics: $915,534,653
L3: $133,993,432
Lockheed Martin: $307,646,507
Northrop Grumman: $141,964,711
Raytheon: $544,472,760

Below are the contracts awarded by the Defense Department
November 14, 2019
totaling $2,036,665,153

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

Navy - $1,749,726,403

Rolls-Royce (Indianapolis, IN) $1,207,968,973
BAE Systems San Diego Ship Repair (San Diego, CA), Continental Maritime of San Diego (San Diego, CA), General Dynamics / NASSCO (San Diego, CA) $299,342,235
Raytheon (Marlborough, MA) $209,636,983
Huntington Ingalls Industries (Newport News, VA) $15,029,055
Integral Aerospace (Santa Ana, CA) $9,292,108
AAR Aircraft Services (Indianapolis, IN) $8,457,049

Army - $244,678,080

Endeavor Robotics (Chelmsford, MA) $109,044,937
Teichert / Odin JV (Sacramento, CA) $49,283,800
Bauer Foundation Group (Odessa, FL) $32,301,199
General Dynamics Land Systems (Sterling Heights, MI) $32,256,984
Oshkosh Defense (Oshkosh, WI) $21,791,160

Air Force - $34,788,570

Raytheon Missile Systems Division (Tucson, AZ) $18,569,662
Sonalysts (Waterford, CT) $9,071,850
General Electric Research (Niskayuna, NY) $7,147,058

Defense Logistics Agency - $7,472,100

Design West Technologies (Tustin, CA) $7,472,100


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, General Dynamics, L3, Lockheed Martin, Northrop Grumman, and Raytheon.



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