<center>http://geke.us/wp-content/uploads/2018/08/DefenseSpending.001.png</center> Yesterday's big winner in defense spending was Lockheed Martin Aeronautics Co. with a $2.4 billion modification (increase) to an existing contract for F-35 Lightning II Joint Strike Fighter initial spares. <h6>*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.*</h6> ------------------------------------------------------------------- <center> <h3>Below are the contracts awarded by the Defense Department August 23, 2019 totaling <b>$4,387,524,488</b></h3> <h4>Recent record daily spending: $17 billion on August 5, 2019</h4> </center> <h3>Navy - $3,570,672,420</h3> Lockheed Martin Aeronautics (Ft. Worth, TX) $2,426,326,544 General Dynamics National Steel & Shipbuilding (San Diego, CA) $1,077,009,532 Caterpillar Defense (Peoria, IL) $54,000,000 RAFAEL Advanced Defense Systems (Haifa, Israel) $13,336,344 <h3>Army - $643,240,584</h3> Raytheon (McKinney, TX) $534,000,000 MD Helicopters (Mesa, AZ) $50,440,584 Black & Veatch Special Projects (Overland Park, KS), AECOM Services (Boston, MA), Zapata Group (Charlotte, NC) $49,000,000 Burns & McDonnell Engineering (Kansas City, MO) $9,800,000 <h3>Washington Headquarters Services - $100,000,000</h3> Signature Renovations (Capital Heights, MD) $100,000,000 <h3>Defense Advanced Research Projects Agency - $58,000,000</h3> SAIC (McLean, VA) $48,000,000 B&H International (Bakersfield, CA) $10,000,000 <h3>Air Force - $15,611,484</h3> Booz Allen Hamilton (McLean, VA) $8,004,263 Next Century Corp. (Annapolis Junction, MD) $7,607,221 <center>![div8.jpg](https://res.cloudinary.com/hpiynhbhq/image/upload/v1519573191/fa6rcf7wcadagaykk8iz.jpg)</center> <center>http://geke.us/wp-content/uploads/2018/02/Screen-Shot-2018-02-23-at-11.17.25-AM.png</center>
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permlink | how-much-did-the-military-spend-yesterday-usd4-3-billion |
category | deepdives |
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