War & Disaster Profiteering
Now those promises -- and the public's perception of the Air Force's ability to spend its money prudently -- are being tested by new contracting and public relations challenges. The Air Force is about to award two key contracts worth a total of about $55 billion, and Boeing is in the running for both deals.
Lockheed Martin, the biggest U.S. defense contractor, failed to follow military guidelines to track and manage costs on major weapons programs, according to an internal Pentagon document released yesterday by a government watchdog group.
One billion dollars and just over four years after Boeing won a contract to build a "virtual fence" on the Arizona-Mexico border, the high-tech project was canceled last week by the Department of Homeland Security (DHS) amid widespread recognition that it has been a failure.
Almost a decade after the "War on Terror" began, a bipartisan U.S. Congressional commission spent two days cross-examining witnesses to see if the outsourcing of private security has been a terrible mistake.