In addition to the awards to companies on our watchlist, of special note yesterday was a $1.2 billion contract awarded to Rolls-Royce for “sustainment support” of the V-22 AE1107C engine.
Yesterday's breakdown:
BAE: $99,780,745 (1 modification) Boeing: -- General Dynamics: $132,037,729 (1 contract, 1 modification) L3: -- Lockheed Martin: -- Northrop Grumman: -- Raytheon: $228,206,645 (1 contract, 1 modification)
November to-date totals:
BAE: $233,622,824 Boeing: $102,126,194 General Dynamics: $915,534,653 L3: $133,993,432 Lockheed Martin: $307,646,507 Northrop Grumman: $141,964,711 Raytheon: $544,472,760
Below are the contracts awarded by the Defense Department November 14, 2019 totaling $2,036,665,153
Recent record daily spending: $7.3 billion on October 28, 2019
Navy - $1,749,726,403
Rolls-Royce (Indianapolis, IN) $1,207,968,973 BAE Systems San Diego Ship Repair (San Diego, CA), Continental Maritime of San Diego (San Diego, CA), General Dynamics / NASSCO (San Diego, CA) $299,342,235 Raytheon (Marlborough, MA) $209,636,983 Huntington Ingalls Industries (Newport News, VA) $15,029,055 Integral Aerospace (Santa Ana, CA) $9,292,108 AAR Aircraft Services (Indianapolis, IN) $8,457,049
Army - $244,678,080
Endeavor Robotics (Chelmsford, MA) $109,044,937 Teichert / Odin JV (Sacramento, CA) $49,283,800 Bauer Foundation Group (Odessa, FL) $32,301,199 General Dynamics Land Systems (Sterling Heights, MI) $32,256,984 Oshkosh Defense (Oshkosh, WI) $21,791,160
Air Force - $34,788,570
Raytheon Missile Systems Division (Tucson, AZ) $18,569,662 Sonalysts (Waterford, CT) $9,071,850 General Electric Research (Niskayuna, NY) $7,147,058
Defense Logistics Agency - $7,472,100
Design West Technologies (Tustin, CA) $7,472,100
*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.*
