How much did the military spend yesterday? $1.06 billion

Yesterday's big winner was L3 with a $499 million contract for the major avionics upgrade of 176 C-130H aircraft operated by the Air National Guard and the Air Force Reserve Command.

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
June 4, 2019
totaling $1,063,103,723

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

Air Force - $727,639,587

L3 Communications Integrated Systems (Waco, TX) $499,592,426
Universal Propulsion Co. (Fairfield, CA) $92,000,000
L3 Interstate Electronics (Anaheim, CA) $46,520,779
FlightSafety International (Flushing, NY) $46,295,166
Leidos Innovations (Reston, VA) $23,217,007
Northrop Grumman Systems (Herndon, VA) $13,000,000
Atlantic Diving Supply (Virginia Beach, VA) $7,014,209

Defense Logistics Agency - $173.413,556

Medtronic (Minneapolis, MN) $150,000,000
Alliance Aviation Management d/b/a Alliance Aviation Services (Ft. Worth, TX) $23,413,556

Army - $145,114,577

Taylor Engineering (Jacksonville, FL), 5Engineering (Houston, TX), Arcadis US (Highlands Ranch, CO), Ice & Dannenbaum (Corpus Christi, TX), Geo-Stanley (Kevil, KY), Ilsi-Arcadis (New Orleans, LA), CEC-CDM Smith (Naples, FL), FNI, COWI & CDM (Ft. Worth, TX), HDR Engineering (Houston, TX) $96,000,000
Rockwell Collins (Cedar Rapids, IA) $49,114,577

Missile Defense Agency - $9,608,653

QTEC Aerospace (Huntsville, AL) $9,608,653

Navy - $7,327,350

Rohde & Schwarz USA (Columbia, MD) $7,327,350