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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...
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...
...letter to Democratic Senator William Proxmire of Wisconsin, who called for the GAO investigation, Deputy Defense Secretary Frank Carlucci argued that the Pentagon's decision to buy the C-5B "was based on a careful analysis of our airlift needs." Indeed, experts predict that the joint congressional committee responsible for reconciling the two versions of the 1983 defense authorization bill will almost certainly follow the Pentagon's wishes. Unlike the 747, the C-5B can carry such outsize cargo as M-l and M-60 tanks and self-propelled howitzers, which can easily roll up the ramp...