Military

The Pentagon Loves to Pay Top Dollar


In 2012 the Defense Department agreed to pay $13.4 million for parts supplied by Bell Helicopter (TXT). The DOD watchdog says they should have cost $4.4 million. Audits are planned. “If it’s an isolated case, that’s one thing,” Under Secretary Frank Kendall said on July 10. “If it’s systemic, that’s a much bigger deal.”
 

Capaccio is a reporter for Bloomberg News.
Salant is a reporter for Bloomberg News in Washington.

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Companies Mentioned

  • TXT
    (Textron Inc)
    • $36.36 USD
    • -0.10
    • -0.28%
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