Word: gao
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Dates: during 1980-1989
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Last week a GAO report declared that the admiral's numbers were essentially on target. Not even the contractors seriously disputed his statistics. The GAO's only quibble was that it could not flatly call the profits "excessive" because "there are no generally accepted criteria as to what constitutes excess profits." The four in stances cited by Rickover and verified by the GAO...
...Boston's Cabot Corp. had supplied special material used in making large valves for nuclear-propelled ships. Rickover had claimed that the firm made a 66% profit on this contract. The GAO estimate was only slightly lower...
...Pittsburgh's U:S. Steel Corp. had supplied high-pressure air flasks for Trident submarines under contracts that carried built-in profits of between 27% and 38%, according to both Rickover and the GAO...
...York State's Carborundum Co. had sold the chemical boron carbide to two prime contractors that were building nuclear reactor cores. Rickover said the company had made a 25% profit on these sales. The GAO agreed...
Since 1969, reports the General Accounting Office (GAO) in Washington, violations of federal law in U.S. parks and forests have tripled, exceeding the increase in the number of visitors (101 % for parks 45% for forests; during the same period. The biggest jump has been in assaults, up 400%. Vandalism is up 220%. In the past decade, timber thefts have soared by 700%. The GAO, as financial overseer of federal properties, warns that the rising crime rate may be undermining the very usefulness of many wilderness areas as retreats for recreation...