Everyone on our watchlist, except for Booz Allen Hamilton, has been getting at least small amounts of taxpayer love this month. Lockheed Martin, however, looks like the October leader with $7.6 billion. I'll wrap up October after today's list is published.
Yesterday's breakdown:
BAE: $69,247,177 (1 contract)
Boeing: $79,924,777 (2 modifications)
Booz Allen Hamilton: --
General Dynamics: $162,403,915 (1 contract)
Lockheed Martin: $17,897,009 (2 modifications)
Northrop Grumman: --
Raytheon: --
October to-date totals:
BAE: $271,776,390
Boeing: $297,835,247
Booz Allen Hamilton: $0
General Dynamics: $628,856,847
Lockheed Martin: $7,605,727,945
Northrop Grumman: $262,911,202
Raytheon: $178,261,635
Below are the contracts awarded by the Defense Department
October 30, 2019
totaling $533,539,103
Recent record daily spending: $7.3 billion on October 28, 2019
Army - $273,698,481
General Dynamics Land Systems (Sterling Heights, MI) $162,403,915
Boeing (Mesa, AZ) $62,294,566
AGCM (Corpus Christi, TX), Alliance Consulting Group (Alexandria, VA), PCS and MOCA JV (Decatur, GA), Professional Project Services (Oak Ridge, TN), Project Time and Cost (Atlanta, GA), Michael Baker International (Alexandria, VA) $49,000,000
Navy - $174,148,631
BAE Systems Technology Solutions & Services (Rockville, MD) $69,247,177
Aircraft Readiness Alliance (Anchorage, AK) $55,170,944
AUSTAL USA (Mobile, AL) $21,529,121
Boeing (Seattle, WA) $17,630,211
Lockheed Martin Aeronautics (Ft. Worth, TX) $10,571,178
Defense Logistics Agency - $78,366,160
Allison Transmission (Indianapolis, IN) $35,266,682
Alliant Healthcare (Grand Rapids, MI) $30,000,000
Propper International (Cabo Rojo, Puerto Rico) $13,099,478
Air Force - $7,325,831
Lockheed Martin Space Systems (King of Prussia, PA) $7,325,831
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. Its spending primarily enriches the military industrial complex, including the big seven: BAE, Boeing, Booz Allen Hamilton, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon.
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