Word: gao
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...seem to bear them out. Yet charges have often been leveled that defense contractors make excessive profits on contracts for the military, frequently without much risk. Last week the controversy was given new life when a draft report by the Government's General Accounting Office leaked out after GAO staffers became fearful that its findings might be watered down. The report's conclusion: producing arms for the Pentagon is far more rewarding than is commonly realized...
...report, due to be issued this month in its full form, caused an immediate storm. It was condemned by spokesmen of the aerospace industry. The Pentagon-treated to an advance look-strongly urged the GAO to do its sums over again. The Pentagon's concern over the GAO's "interim" findings was understandable enough. The report contains startling disparities between the pretax profits that defense and space contractors acknowledged in reply to a GAO questionnaire and the GAO's findings after a detailed study of 146 recently completed contracts totaling $4,256,000,000. This...
...government hands, surfaced more easily than most. Lawrence Knutson, one of A.P.'s regional Washington desk hands, got a tip from a friend and turned to the team for help in checking it out. Team Member Gaylord Shaw phoned his sources at the Government Accounting Office, learned that GAO was already investigating the matter but had not revealed its findings. Shaw and Knutson secured a copy of the GAO report from Senator William Proxmire and broke the story...
...abysmal failure to implement the "Truth in Negotiations Law" causes the greatest runoff in defense funds. From minimal spot-checking over a ten-year period, the GAO has turned up some $130 million in overcharges to the government. Senator Proxmire attributes "billions of dollars" to this failure. The absence of many Defense cost records and the shoddiness of others makes it impossible to calculate the exact amount of wastage, but every indication points toward a multi-billion dollar...
Incredibly sloppy bookkeeping and lackadaisical enforcement of regulations are solidly entrenched at the Defense Department. The GAO revelations offered a glimpse of the vast waste at the DOD, but only more prolonged and intense publicity can drive off the behemoth...