How much did the military spend yesterday? $1.1 billion

Lockheed Martin topped yesterday's defense contract list with a $348 million modification (increase) to an existing contract for test equipment for F-35 Lightning II aircraft.

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 2, 2019
totaling $1,119,402,540

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

Navy - $724,260,933

Lockheed Martin Aeronautics (Ft. Worth, TX) $348,223,161
Anchor Innovation (Virginia Beach, VA), Beach Marine Services (Portsmouth, VA), Colonna's Shipyard (Norfolk, VA), East Coast Repair & Fabrication (Norfolk, VA), Fairlead Boatworks (Newport News, VA), Lyon Shipyard (Norfolk, VA), QED Systems (Virginia Beach, VA), United States Marine (Gulfport, MS), Willard Marine (Virginia Beach, VA) $216,979,810
Leidos (Reston, VA) $99,000,000
Sikorsky Aircraft (Stratford, CT) $21,689,142
Epsilon Systems Solutions (Portsmouth, VA) $14,589,487
Frequentis Defense (Columbia, MD) $8,454,481
Tompco (Seabeck, WA) $8,221,449
Sikorsky Aircraft (Stratford, CT) $7,103,403

Army - $241,911,155

Yulista Support Services (Huntsville, AL) $226,911,155
Cornforth Consultants (Portland, OR), KS Ware & Associates (Nashville, TN), Aterra-Schnabel JV (Ambler, PA) $15,000,000

Air Force - $142,436,452

Leidos (Reston, VA) $66,752,500
Engility (Andover, MA) $40,000,000
General Dynamics Information Technology (Fairfax, VA) $35,683,952

Defense Logistics Agency - $10,794,000

Valley Apparel (Knoxville, TN) $10,794,000