The federal government would save 600 million dollars, and Raytheon employees would lose them. Entirely fair to say "well Raytheon factories should be building

The federal government would save 600 million dollars, and Raytheon employees would lose them. Entirely fair to say "well Raytheon factories should be building [tractors / ventilators / etc] instead, but it's not like the money is being shoveled into a hole and buried. The money stays in the US, backstopping US manufacturing. Sending that $600 million to overseas scammers would still accomplish nothing, whereas "wasteful" defense spending does.