Thursday, June 23, 2011

Highway Robbery But it's a Helicopter!

Is there any wonder the country is on the bones of its arse, multiply this example by a gazillion.

Buddy can you spare a yuan?

Boeing has just been caught spending $37 dollars for nut and bolt retainers for the Army's CH-47 helicopter, but charging the Army an average of $381.78, according to a recent Department of Defense's (DoD) inspector general's (IG) report. The IG's office won't comment on the report because it is "For Official Use Only," but Bloomberg News got a hold of the report and wrote a story on May 24 about how the DoD IG recommends that Boeing refund the government at least $6 million. If the Army had used the traditional way of getting the parts for this helicopter, through the Defense Logistics Agency (DLA), they could have paid $6.77 each; there were, as of last December, 734 of the bolt and retainer sets in the DLA stocks. more

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