The Pentagon has paid $1.1 trillion to hundreds of defense contractors and their parent companies that have defrauded the government over the past ten years, according to a Department of Defense report released Thursday.
More than 300 contractors involved in civil and criminal fraud cases that resulted in judgments of $1 million or more during the last decade were paid a total of $573.7 billion by the US military, including $398 billion that was paid to contractors after judgments for fraud. When awards to parent companies are included, the Pentagon awarded $1.1 trillion to the top 37 companies that defrauded the US military since 2000.
Raytheon, for example, spent nearly $4 million to settle a civil case with the government in 2002 and $2.5 million to settle a case in 2000. Since the cases were settled, the Pentagon has awarded Raytheon's aircraft and engineering divisions a total of $1.8 billion.
Lockheed Martin paid $10.5 million in 2008 to settle charges that the company submitted false invoices on a multibillion dollar contract connected to a space vehicle program. Despite the fraud, the Department of Defense awarded Lockheed $30.2 billion in contracts in 2009.
2 comments:
Lame attemps to try and make people believe thet defense budget cuts will make us vulnerable to terrorist threats.
We keep rewarding the terrorists at Kellogg, Brown & Root, Haliburton and Lockheed-Martin the makers of WMD's with more money to burn in the name of national security.
Some of those deals that happened are the reason we have jails.
sorry, 11:04, the reason we have jails and prisons is to lock up people who have robbed a 7-11 for $28, stolen a car worth $22,000, or sold a bag pot to a cop. If you WANT to steal and NOT go to prison, you have to 1)bribe a Senator 2) think BIG, as in hundreds of millions 3)be caucasian. Satisfy those 3 requirements and you are golden. You might even become Vice -President. Jail are for the common man. The serfs.
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