Yesterday's big winner was Medico Industries with two contracts. The first was a contract worth $891 million for 155mm M795 projectile metal parts and 120mm mortar shell bodies. The second contract, worth $214 million, was for property management of the Scranton Army Ammunition Plant. Both contracts total over $1 billion.
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.
Below are the contracts awarded by the Defense Department
July 31, 2019
totaling $4,461,947,841
Recent record daily spending: $10 billion on May 8, 2019
Army - $2,086,209,174
Medico Industries (Wilkes Barre, PA) $891,165,000
Northrop Grumman Systems (Rolling Meadows, IL) $481,576,687
BAE Systems Information & Electronic Systems Integration (Nashua, NH) $242,251,919
Medico Industries (Wilkes Barre, PA) $214,864,648
Raytheon Integrated Defense Systems (Fullerton, CA) $160,814,850
Raytheon (Indianapolis, IN) $48,756,859
L3 Technologies (Muskegon, MI) $36,031,861
HNTB (Kansas City, MO) $10,747,350
Air Force - $1,435,214,684
Lockheed Martin Aeronautics (Ft. Worth, TX) $799,955,939
Lockheed Martin Aeronautics (Ft. Worth, TX) $315,604,174
JE Dunn Construction (Kansas City, MO) $158,000,000
Two Six Labs (Arlington, VA) $95,119,268
Advanced Electronics (Riyadh, Saudi Arabia) $57,806,293
IBM (Reston, VA) $8,729,010
Navy - $743,246,353
Huntington Ingalls Industries (Newport News, VA) $290,577,495
SSFM-NOEI (Honolulu, HI) $100,000,000
AEG Group (Grayslake, IL) $85,571,796
Duke Energy Progress (Raleigh, NC) $48,787,671
Teehee Bishop JV (Carlsbad, CA) $30,000,000
CDW Government (Vernon Hills, IL) $26,669,800
Boeing (St. Louis, MO) $25,345,439
Boeing (Seattle, WA) $17,647,771
Boeing (Seattle, WA) $16,853,707
J&J Contractors (N. Billerica, MA) $12,267,000
NexGen Communications (Nashua, NH) $11,640,404
Northrop Grumman Systems (Rolling Meadows, IL) $10,314,373
Military & Federal Construction (Jacksonville, NC) $9,852,959
Vertex Aerospace (Madison, MS) $9,556,334
Military & Federal Construction (Jacksonville, NC) $8,870,147
Northrop Grumman Systems (Rolling Meadows, IL) $8,723,882
TOTE Services (Jacksonville, FL) $8,065,927
Coastal Enterprises (Jacksonville, NC) $8,054,652
Nova Group (Napa, CA) $7,425,000
Quality Performance (Fredericksburg, VA) $7,021,996
Defense Health Agency - $197,277,630
Deloitte (Arlington, VA) $197,277,630
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