Wednesday, February 02, 2011

Who Cares?

The Defense Department has issued a report that shows that it does not matter whether you have cheated the government; you'll still get a contract.

Bernie Sanders and his staff have analyzed this report and have come up with the following for the three largest contractors:
Lockheed Martin. They've cheated us via false invoices, inflated cost and settling criminal charges

Boeing. They've been fined $88.9 million since 1995. Some of the fines have been for providing equipment containing defective gears, which sometimes result in planes falling out of the sky and people dying.

Northrop Grumman has paid $519.8 in fines for overcharging us.
Sanders summary:
Over the three year period from 2007 to 2009, hundreds of contractors were found to have committed fraud in connection with a DOD contract. This apparently did not affect DOD’s contracting behavior, however. During that same three year period, DOD awarded $285 BILLION in contracts to the same companies!

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