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
