How much did the military spend yesterday? $946 million

in #deepdives5 years ago

Lockheed Martin was the only company on our watchlist to see an award on Nov. 27. Note that the November to-date totals are current.

Yesterday's breakdown:

BAE: --
Boeing: --
General Dynamics: --
L3: --
Lockheed Martin: $7,563,160 (1 modification)
Northrop Grumman: --
Raytheon: --

November to-date totals:

BAE: $380,601,633
Boeing: $924,191,057
General Dynamics: $939,638,383
L3: $143,624,332
Lockheed Martin: $5,401,127,014
Northrop Grumman: $200,011,682
Raytheon: $1,796,092,120



Below are the contracts awarded by the Defense Department
November 27, 2019
totaling $946,253,169

Recent record daily spending: $7.3 billion on October 28, 2019


Navy - $542,046,267


United Technologies Pratt & Whitney Engines (E. Hartford, CT) $521,996,409
Kings Bay Support Services (Alexandria, VA) $20,049,858

Army - $324,228,944


Seaside Engineering & Surveying (Baker, FL), Lowe Engineers (Robert, LA) $240,000,000
Ames Construction (Burnsville, MN) $58,784,850
Technica (Charleston, SC) $17,880,934
Lockheed Martin (Orlando, FL) $7,563,160

Defense Finance & Accounting Service - $41,643,963


KPMG (McLean, VA) $41,643,963

Defense Logistics Agency - $38,333,995


Apteryx (Akron, OH) $20,900,000
RA Miller Industries (Grand Haven, MI) $8,737,000
LVI (Pendergrass, GA) $8,696,995

div8.jpg

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, General Dynamics, L3, Lockheed Martin, Northrop Grumman, and Raytheon.

div8.jpg

Sort:  

Hi @geke!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.984 which ranks you at #1172 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 96 contributions, your post is ranked at #66.

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • You have already convinced some users to vote for your post, keep trying!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server