Eisenhower's speech is often quoted or mentioned out of context. Here's more of Eisenhower's speech for proper context. Eisenhower was obviously in favor of maintaining the military-industrial complex.
Military-Industrial Complex Speech, Dwight D. Eisenhower, 1961 Source:
Public Papers of the Presidents, Dwight D. Eisenhower, 1960, p. 1035- 1040
Lillian Goldman Law Library
Yale Law School
https://avalon.law.yale.edu/20th_century/eisenhower001.asp A vital element in keeping the peace is our military establishment.
Our arms must be mighty, ready for instant action, so that no potential aggressor may be tempted to risk his own destruction. [...]
Until the latest of our world conflicts, the United States had no armaments industry. American makers of plowshares could, with time and as required, make swords as well.
But now we can no longer risk emergency improvisation of national defense; we have been compelled to create a permanent armaments industry of vast proportions. Added to this, three and a half million men and women are directly engaged in the defense establishment. We annually spend on military security more than the net income of all United States corporations.
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This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence -- economic, political, even spiritual -- is felt in every city, every State house, every office of the Federal government.
We recognize the imperative need for this development. [...]
Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.
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