But your social services must take a cut, Americans:
"Boeing overcharged Army for helicopter parts; $1.6m refunded in wake of audit" May 05, 2011|By Tony Capaccio, Bloomberg News
WASHINGTON — Boeing charged the Army excessive prices for helicopter spare parts, including $644.75 for a tiny black plastic motor gear that cost another Pentagon agency $12.51, according to a report by the Defense Department’s inspector general.
Boeing earlier this year refunded $556,006 on the “spur gear’’ after an audit draft was issued.
The second-largest defense contractor issued an additional $76,849 Army refund for a dime-size plastic “roller assembly’’ that costs $7.71; Boeing had charged the Army $1,678.61 apiece....
Quite a mark-up, 'eh, taxpayers?
The Army also is failing to tap as much as $277 million in excess inventory maintained by the Defense Logistics Agency.....
“Anytime we see indications that DoD is paying inflated prices for parts that it already has in inventory we are concerned,’’ Daniel Blair, deputy inspector general for auditing, said in an e-mail statement.
“This report highlights some serious challenges that the department must address which could result in hundreds of millions of dollars in savings. Based on some preliminary analysis, we have indications that several other weapons systems have similar problems with excess inventory and defective pricing.’’
--more--"
Related: Following Zakheim and Pentagon trillions to Israel and 9-11
Oh, is that where all the MISSING TRILLIONS are going?
Update: Boeing wins tanker contract
