Yesterday Raytheon broke the $1 billion barrier with another $386 million modification (increase) to an existing contract. General Dynamics is poised to do the same thing any day now. (Note that included in Lockheed Martin's award amount for yesterday, we're including the modification to an existing contract awarded to Sikorsky Aircraft which is a Lockheed Martin company.)
Yesterday's breakdown:
BAE: $31,042,124 (2 modifications) Boeing: -- General Dynamics: -- L3: $77,247,414 con Lockheed Martin: $198,566,589 (3 contracts, 1 modification) Northrop Grumman: -- Raytheon: $386,000,000 (1 modification)
November to-date totals:
BAE: $380,601,633 Boeing: $523,818,303 General Dynamics: $939,638,383 L3: $133,993,432 Lockheed Martin: $3,982,616,957 Northrop Grumman: $155,011,682 Raytheon: $1,163,530,639
Below are the contracts awarded by the Defense Department November 20, 2019 totaling $1,226,918,818
Recent record daily spending: $7.3 billion on October 28, 2019
Air Force - $538,247,414
Raytheon (Tucson, AZ) $386,000,000 L3 Communications Vertex Aerospace (Madison, MS) $77,247,414 JYG Innovations (Dayton, OH), Stellar Innovations & Solutions (Moraine, OH), Indigenous Technologies (Chickasha, OK) $75,000,000
Army - $465,439,577
VGW Geospatial (O'Fallon, IL) $240,000,000 Lockheed Martin (Orlando, FL) $93,000,000 The Morganti Group (Danbury, CT) $88,515,202 Mobley Contractors (Morrilton, AR) $20,219,318 SAF Inc. (Akron, OH) $8,555,145 Threat Tec (Hampton, VA) $8,066,481 Lockheed Martin Missile & Fire Control (Grand Prairie, TX) $7,083,431
Navy - $208,019,553
Lockheed Martin (Baltimore, MD) $86,346,780 Schmidt-Prime Group (Pensacola, FL) $30,000,000 Progeny Systems (Manassas, VA) $23,488,366 BAE Systems Technology Solutions & Services (Rockville, MD) $15,796,385 The Nutmeg Companies (Norwich, CT) $15,360,720 BAE Systems (Rockville, MD) $15,245,739 Sikorsky Aircraft (Stratford, CT) $12,136,378 San Diego Gas & Electric (San Diego, CA) $9,645,185
Defense Logistics Agency - $15,212,274
Creighton AB (Reidsville, NC) $7,635,468 Optima Batteries (Milwaukee, WI) $7,576,806
*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.*
