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Resource ID: #17928
Subject: Defense Contracts
Source: Arizona Daily Star (Tucson
Affiliation: 
Date: March 29; June 11, 2001

Description

This set of articles and documents highlights some recent defense contract issues. The Navy is withholding millions of dollars from the Raytheon Co. until it fixes problems with its Joint Standoff Weapon (J-SOW) and Tamahawk missile. Raytheon was also target by the U.S. Inspector General for extreme mark-ups on contracted merchandise (259 percent in one case). Also included are an executive summary from the Inspector General on determining price resonableness on contracts, a memorandum concerning failure to obtain reasonable prices and and a spreadsheet/appendix of specific military contracts that were overpriced.

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