That would be fine. But I can't really analyze it without out more info.
What military items are you contracting, how many, and what quality? Are they offensive (more expensive) or defensive?
I'm going offline now (3 am here)but I'll check in tomorrow.
Also, check to see if your corp's production has fallen. An easy way to do this is to go to the corp page, click on the "review contracts" link, and it will show you what your production was last month, what the amount contracted was, and the % of production. If that % is more than 100% then your corp production has fallen. If your country welfare score is low it affects the corp production, same with the individual corp welfare, if it's low it will affect production.
Good luck, I'll check in to see if any of this has helped.