That 62 million could be the pivotal difference between victory and defeat.
The government should of course be wise in their spending (thus avoiding products that looks ground-breaking theoretically but are merely the same technology with bells and whistles). However, suppose the government did the opposite..
That aforementioned difference matters when facing adversaries that either has a comparative or absolute advantage in factors that win battles.
For example, two fighter jets duel to the death but one has a greater ability to climb higher than the other, thanks to a more powerful engine(s).
Another example is that you have two opposing armies; one is numerically larger than the other. But while the former's infantry doctrine values quantity at the expense of quality, the latter stresses quality over quantity in terms of individual to unit discipline and training which results in high morale.
Now is it better to have free schooling over the best military in the world? In a perfect world where everyone is naturally good, having the best military is un-necessary. However, we will always have, for whatever reason, bad people in this world. So with the best military, we gain the best deterrence against evil men.