Military Procurement in 1968.
Military and military-related spending accounts for about 45 per cent of all Federal expenditures. In fiscal 1968, the total Federal outlays were $178.9 billion. The Defense Department alone spent $77.4 billion. . .The $4 billion program of the National Aeronautics and Space Administration and other activities intertwined with the military carry the real level of defense spending considerably higher. . .The largest single item in the military budget--it accounted for $44 billion in 1968--is procurement. . .Last year the 100 largest defense suppliers obtained $26.2 billion in military contracts. . .As for NASA, procurement plays a larger role in its activities than in those of any other Federal agency.