What happens when DoD gets green light to spend, spend, spend? They spend way over what things really cost and contractors laugh all the way to bank. Ya think someone is padding retirement jobs after leaving DoD procurement jobs?
More Spare Parts Horror Stories: This Time It’s Sikorsky
The Department of Defense Inspector General (DoD IG) has struck again. After a hard hitting audit report earlier this year on overpriced helicopter spare parts supplied by Boeing, the DoD IG yesterday issued an executive summary on overpriced spare parts for Blackhawk helicopters from Sikorsky Aircraft Corporation. In sum, “Sikorsky charged the Army $11.8 million or 51.4 percent more ($34.7 million versus $22.9 million) than fair and reasonable prices for 28 parts.”