How much did the military spend yesterday? $2.7 billion

Yesterday's big winner was TCOM out of Columbia, Maryland with a $978 million contract for the Persistent Surveillance Systems - Tethered engineering, logistics, operations, and program management support.

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 24, 2019
totaling $2,770,508,520

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

Army - $1,552,918,831

TCOM (Columbia, MD) $978,946,631
Lockheed Martin (Grand Prairie, TX) $561,802,200
Donjon Marine (Hillside, NJ) $12,170,000

Defense Logistics Agency - $1,016,532,250

Texas Power & Associates (Palm Harbor, FL), Atlantic Diving Supply d/b/a ADS (Virginia Beach, VA), Berger/Cummins (Washington, DC), Caterpillar Defense (Peoria, IL), Inglett & Stubbs International (Atlanta, GA), QGSI-USA Emergency Power (Houston, TX) $900,000,000
Welch Allyn (Skaneateles Falls, NY) $100,000,000
Hamilton Sundstrand (Windsor Locks, CT) $16,532,250

Navy - $112,231,982

L3 Technologies (Northampton, MA) $73,743,347
Katmai Integrated Solutions (Anchorage, AK) $21,625,000
Advanced Solutions (Washington, DC) $16,863,635

Air Force - $80,000,000

Concentric Security (Sykesville, MD), Nasatka Barrier (Clinton, MD), Cherokee Nation Security & Defense (Tulsa, OK), Perimeter Security Partners (Nashville, TN) $45,000,000
Weldin Construction (Palmer, AK) $35,000,000

Defense Advanced Research Projects Agency - $8,825,457

Leidos (Reston, VA) $8,825,457