The Pentagon has wasted more than $30 billion on contracts in Iraq and Afghanistan because of shoddy management and a lack of competition, an independent inquiry said Aug. 29.
http://www.defensenews.com/article/20110829/DEFSECT04/108290304/Panel-Blasts-DoD-Over-Waste-War-Contracts
According to a recently released Department of Defense report, Boeing (NYSE:BA) overcharged the U.S. Army by $13 million dollars for 18 parts, the bill for which came to $23 million as opposed to a fair sale price of $10 million.
DoD’s 2010 audit also found that the Air Force spent $70 million on parts from outside contractors that they already had in their inventory.
http://finance.yahoo.com/news/The-Department-Defense-wscheats-2949962122.html
More money for the Pentagon, CBS News Correspondent Vince Gonzales reports, while its own auditors admit the military cannot account for 25 percent of what it spends. "According to some estimates we cannot track $2.3 trillion in transactions," Rumsfeld admitted.
http://www.cbsnews.com/2100-18563_162-325985.html
A recent audit revealed that between 1997 and 2003, our "sacred Defense Department" which seems willing to let Congress play fast and loose with Veteran's benefits, purchased and then left unused approximately 270,000 commercial airline tickets at a total cost of $100 million.
http://www.examiner.com/article/three-blind-mice-the-house-senate-and-the-president