How much did the military spend yesterday? $282 million

Yesterday's big winner was Hamilton Medical, Inc. out of Reno, Nevada with a $75 million contract for patient monitoring and capital equipment systems for the Defense Logistics Agency.

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
July 22, 2019
totaling $282,432,139

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

Defense Logistics Agency - $162,428,008

Hamilton Medical (Reno, NV) $75,000,000
Draeger (Telford, PA) $60,000,000
CenterPoint Energy Services (Houston, TX) $12,337,969
IBM (Reston, VA) $7,695,744
Bell Helicopter (Ft. Worth, TX) $7,394,295

Navy - $63,650,427

Northrop Grumman Systems (San Diego, CA) $33,755,229
Lockheed Martin Rotary & Mission Systems (Moorestown, NJ) $15,707,204
Northrop Grumman Systems (San Diego, CA) $14,187,994

Air Force - $47,246,679

Frontier Technology (Beavercreek, OH) $47,246,679

Army - $9,107,025

Arizona State University (Tempe, AZ) $9,107,025