Yesterday's big winner was Heffler Contracting Group with a $49 million contract for plumbing, heating, and air conditioning projects at several naval bases.
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
June 6, 2019
totaling $505,805,608
Recent record daily spending: $10 billion on May 8, 2019
Navy - $384,489,676
Ahtna-CDM (Irvine, CA), Speedway-Orion (Vista, CA), Gideon Contracting (Port Hueneme, CA), Durable Good-Men (Fresno, CA), Fed Con-VC (Ojai, CA), Teehee Engineering (Carlsbad, CA) $249,000,000
Heffler Contracting Group (El Cajon, CA) $49,000,000
Boeing (Seattle, WA) $40,620,354
J. Davis Construction Management (Oxnard, CA) $30,000,000
Transphorm (Goleta, CA) $15,869,322
Army - $89,066,531
Trumbull / Brayman Construction (Pittsburgh, PA) $89,066,531
Air Force - $14,983,835
Raytheon (Aberdeen Proving Grounds, MD) $14,983,835
Defense Logistics Agency - $10,222,198
Camel Manufacturing (Pioneer, TN) $10,222,198
Defense Advanced Research Projects Agency - $7,043,368
Systems & Technology Research (Woburn, MA) $7,043,368