Yesterday's big winner was BAE Systems with an $88 million modification (increase) to an existing Army contract for build materials for the Self-Propelled Howitzer, Carrier-Ammunition Tracked Vehicle.
*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 30, 2019 totaling $395,955,317
Recent record daily spending: $10 billion on May 8, 2019
Army - $185,973,795
BAE Systems Land & Armaments (York, PA) $88,000,000 Tidewater (Elkridge, MD), NIKA Technologies (Rockville, MD), Bowers & Kubota Consulting (Waipahu, HI), HFS (San Antonio, TX) $25,000,000 Northrop Grumman (Herndon, VA) $24,436,905 General Atomics Aeronautical System (Poway, CA) $21,742,996 Burns & McDonnell Engineering (Kansas City, MO) $15,000,000 Accenture Federal Services (Arlington, VA) $11,793,894
Navy - $141,904,773
Ultra Electronics Advanced Tactical Systems (Austin, TX) $39,920,000 Harris Corp. (Clifton, NJ) $31,312,350 Ultra Electronics Undersea Sensor Systems (Columbia City, IN) $24,865,776 Raytheon Integrated Defense Systems (Marlborough, MA) $14,296,116 Power Pro Plus (Rancho Cucamonga, CA) $12,204,059 Boeing (Seattle, WA) $10,565,320 Oregon State University (Corvallis, OR) $8,741,152
Defense Logistics Agency - $58,713,749
Schuyler Line Navigation (Annapolis, MD) $43,103,161 Pocono Profoods (Stroudsburg, PA) $15,610,588
Air Force - $9,363,000
Watterson Construction (Anchorage, AK) $9,363,000
