How much did the military spend yesterday? $2.2 billion

Well, it's the start of a new fiscal quarter and none of the seven companies on our watchlist received contracts yesterday. Even so, the defense department still managed to spend $2 billion.

Yesterday's breakdown:

BAE: --
Boeing: --
Booz Allen Hamilton: --
General Dynamics: --
Lockheed Martin: $ --
Northrop Grumman: --
Raytheon: --

October to-date totals:

BAE: $0
Boeing: $0
Booz Allen Hamilton: $0
General Dynamics: $0
Lockheed Martin: $0
Northrop Grumman: $0
Raytheon: $0

---

Below are the contracts awarded by the Defense Department
October 1, 2019
totaling $2,273,705,971

Recent record daily spending: $10 billion on September 27, 2019

Air Force - $1,223,232,631

Faxon Machining (Cincinnati, OH), Major Tool & Machine (Indianapolis, IN) $600,000,000
United Launch Services (Centennial, CO) $98,549,235
Tunista Logistics Solutions (Honolulu, HI) $90,000,000
Teletronics Technology (Newtown, PA) $90,000,000
Intelligent Waves (Reston, VA) $89,200,000
DynCorp International (Ft. Worth, TX) $68,400,284
ASRC Communications (Beltsville, MD) $66,954,742
Reliance Test & Technology (Crestview, FL) $49,032,036
Crew Training International (Memphis, TN) $42,279,639
L3 Communications Integrated Systems (Greenville, TX) $17,518,309
SES Electrical (Oak Ridge, TN) $11,298,386

US Transportation Command - $756,218,798

Atlas Air (Purchase, NY) $287,285,594
Kalitta Air (Ypsilanti, MI) $159,942,597
Air Transport International (Wilmington, OH) $86,633,164
Omni Air International (Tulsa, OK) $77,654,435
Federal Express (Memphis, TN) $38,903,491
Jacobs Technology (Tampa, FL) $22,360,471
Air Transport International (Wilmington, OH) $17,450,997
United Parcel Service (Louisville, KY) $13,710,325
Western Global Airlines (Estero, FL) $17,812,110
National Airlines (Orlando, FL) $12,464,771
ABX Air (Wilmington, OH) $9,394,053
Miami Air International (Miami, FL) $7,084,737
Sun Country Airlines (Eagan, MN) $3,025,704
Amerijet International (Ft. Lauderdale, FL) $2,496,649

Defense Logistics Agency - $222,681,983

Woodward Inc. (Loves Park, IL) $113,429,656
Rolls-Royce (Indianapolis, IN) $109,252,327

Navy - $59,662,120

Progeny Systems (Manassas, VA) $25,689,916
Systems Application & Technologies (Oxnard, CA) $25,275,828
Life Cycle Engineering (N. Charleston, SC) $8,696,376

Defense Health Agency - $11,910,439

Alutiiq Solutions (Anchorage, AK) $11,910,439

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.