Navy-supplied items for contractors open to theft: GAO

Article Abstract:

The Government Accountability Office (GAO) reports reveal that the Navy ships millions of dollars worth of parts and other items to defense contractors repairing aircraft and ships without the contractors acknowledging receipt of these valuables, which results in their inventory being vulnerable to fraud, waste, or abuse. It is observed that as a result of this, taxpayers may lose millions of dollars since the Navy and its repair contractors are not following the GAO procedures.

Legal issues & crime, Company legal issue, Reports, Investigations, United States. Government Accountability Office, Defense contracts, Government contract, Defence contracts

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Navy faces daunting challenges in its shipbuilding programs

Article Abstract:

Robert Work, a senior fellow with the Center for Strategic and Budgetary Assessments and an expert on Navy and Marine Corps Systems and their funding, discussed various issues related to the problems and challenges faced by the United States Navy. The Navy has to face the challenge of awarding the contract on a monopoly basis to a single shipyard or opt for purchasing vessels overseas.

Government expenditures, Defense Administration & Finance, US Marine Corps, Defense spending, Naval architecture, United States. Marine Corps, Defence spending, Government finance

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