With several smaller contracts and one large one the Pentagon was able to break a billion dollars in spending yesterday. None of the companies on our watchlist received contracts or modifications (increases to previous contracts) but the winner on the day was Dynetics out of Huntsville, Alabama. Its $737 million contract is for “support services” for the Missile and Space Intelligence Center. (I missed a few days in early November but the monthly totals below are up to date.)
Yesterday's breakdown:
BAE: -- Boeing: -- Booz Allen Hamilton: -- General Dynamics: -- Lockheed Martin: -- Northrop Grumman: -- Raytheon: --
November to-date totals:
BAE: $ Boeing: $34,230,269 Booz Allen Hamilton: $0 General Dynamics: $ Lockheed Martin: $81,329,859 Northrop Grumman: $ Raytheon: $
Below are the contracts awarded by the Defense Department November 5, 2019 totaling $1,202,548,045
Recent record daily spending: $7.3 billion on October 28, 2019
Defense Intelligence Agency - $737,992,267
Dynetics (Huntsville, AL) $737,992,267
Defense Counterintelligence & Security Agency - $100,000,000
METIS / Celestar JV (Tampa, FL) $100,000,000
Army - $96,871,423
Chinook Systems (Arlington, VA), Esp Federal (Chicago, IL), Shearer & Associates (Huntsville, AL), HDR Engineering (Omaha, NE) $49,000,000 Ross Group Construction (Tulsa, OK) $35,042,773 JF Brennan Company (LaCrosse, WI) $12,828,650
Navy - $95,313,983
CH2M Hill Constructors (Englewood, CO), Environmental Chemical (Burlingame, CA), Kellogg, Brown & Root Services (Arlington, VA), URS Group (Morrisville, NC) $80,000,000 Jacobs / Ewingcole JV (Pasadena, CA) $15,313,983
Air Force - $95,000,000
Mission Essential Personnel (New Albany, OH) $95,000,000
Defense Logistics Agency - $77,370,372
Biomet 3I (Palm Beach Gardens, FL) $49,000,000 Aptiv Services 3 US (Irvine, CA) $28,370,372
*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.*
