Probably not. Though his Presidential farewell is often quoted, it is done so for the one line - not the realism, pragmatism, internationalism, context and optimism it beautifully displays. Section IV of the address is where you will find the quote, along with these:
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.
We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. 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.
The prospect of domination of the nation's scholars by Federal employment, project allocations, and the power of money is ever present--and is gravely to be regarded.
Yet, in holding scientific research and discovery in respect, as we should, we must also be alert to the equal and opposite danger that public policy could itself become the captive of a scientific-technological elite.
So, I guess if you could simplify the context in which Ike utters the phrase "military-industrial complex," you could simplify the context of his "captive of a scientific-technological elite" quote to undermine both Global Warming and Federal participation in university research.
Those aren't good roads to take for the left-liberal-progressive side of the political aisle. The Slate examination goes further:
As Ledbetter's book shows, Eisenhower had estimable motives too. He feared America might become a "garrison state," as the lingo of the day had it, limiting civil freedoms in the name of one military crisis after another. He resented the skill with which Defense Department brass finagled congressional leaders. Even his obsession with balancing the books, though a product of a pre-Keynesian worldview, had the virtue of keeping him alert to Pentagon bloat. And his warnings about military overreach were couched, it's usually forgotten, in passages insisting on the need for a military of unprecedented size, which Eisenhower called "a vital element in keeping the peace."
Narratives. No matter which side uses them, they dull the wits and focus only on those parts that support a "side" in an argument made today.