How much did the military spend yesterday? $3.3 billion

In addition to the three gains by the companies on our watchlist, another notable contract was awarded to SAIC (Science Applications International Corporation) for just under $1 billion. The description of services was... nondescript: “...for a variety of Federal Supply Group 80 items.”

Yesterday's breakdown:

BAE: $268,990,416 (1 modification)
Boeing: --
Booz Allen Hamilton: --
General Dynamics: $14,986,238 (1 modification)
Lockheed Martin: $266,203,768 (1 contract)
Northrop Grumman: --
Raytheon: --

September to-date totals:

BAE: $268,990,416
Boeing: $32,494,440
Booz Allen Hamilton: $49,500,000
General Dynamics: $60,264,251
Lockheed Martin: $324,638,115
Northrop Grumman: --
Raytheon: $8,422,148

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 6, 2019
totaling $3,397,829,741

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

Navy - $1,460,726,626

DLT Solutions (Herndon, VA), EC America (McLean, VA), Carahsoft Technology (Reston, VA), RightStar Systems (Vienna, VA), Belarc (Maynard, MA), Immix Technologies (McLean, VA) $820,450,000
Lockheed Martin Aeronautics (Ft. Worth, TX) $266,203,768
Harris Corp. (Roanoke, VA) $249,000,000
Orbis Sibro (Mt. Pleasant, SC), QED Systems (Virginia Beach, VA), Delphinus Engineering (Eddystone, PA), Oceaneering International (Chesapeake, VA) $37,884,834
McKean Defense Group (Philadelphia, PA) $21,458,714
QED Systems (Virginia Beach, VA) $19,847,942
WV Contruction (Jamul, CA) $18,892,889
AS&D (Beltsville, MD) $16,118,830
American Scaffold (San Diego, CA) $10,869,649

Defense Logistics Agency - $1,046,340,660

SAIC (Fairfield, NJ) $950,000,000
BOH Environmental (Houston, TX) $70,000,000
General Electric (Lynn, MA) $14,874,824
Pomp's Tire Service (New Berlin, WI) $11,465,836

Army - $418,143,656

BAE Systems (York, PA) $268,990,416
Heritage / M2C1 JV (Delta Junction, AK) $40,000,000
Professional Contract Services (Austin, TX) $26,688,913
PAE Government Systems (Arlington, VA) $26,022,182
Lynxnet (Suffolk, VA) $18,207,432
General Dynamics Land Systems (Sterling Heights, MI) $14,986,238
Northbank Civil & Marine (Vancouver, WA) $13,075,000
Motorola Solutions (Linthicum Heights, MD) $10,173,475

Defense Information Systems Agency - $343,000,000

Johns Hopkins University Applied Physics Laboratory (Laurel, MD) $245,000,000
Trace Systems (Vienna, VA) $98,000,000

Air Force - $129,618,799

Alliant Techsystems Operations (Rocket Center, WV) $109,929,339
Bowhead Cybersecurity Solutions & Services (Alexandria, VA) $19,689,460