Pentagon Can't Account for $220 Billion of Gear Given to Contractors

[Kamaji]

Pentagon Can't Account for $220 Billion of Gear Given to Contractors

The actual total is probably higher according to the Government Accountability Office's new report.

ERIC BOEHM
1.18.2023

Auditors say the Pentagon cannot account for $220 billion worth of government-owned gear provided to military contractors—and the actual total is likely much higher.

In a report released Tuesday, the Government Accountability Office (GAO) slammed the Pentagon's handling of so-called "government-furnished property" (GFP) that has been passed off to contractors with little oversight. The GAO notes that auditors have asked for decades that the Pentagon develop a plan to account for that gear and equipment—which can include "ammunition, missiles, torpedoes," and component parts for those items—to little avail. In 2001, the Pentagon said it would address the issue by 2005. In 2020, it said the process would be complete by 2026.

Perhaps someday we'll know how much taxpayer-funded military gear has been handed out to contractors. For now, the GAO notes that the $220 billion estimate is "likely significantly understated." That figure is based on a 2014 report, but in 2016 the Army told auditors that the actual figure is "unknown and that actual quantities may be greatly different than the Army's documented property records reflect."

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Source:  https://reason.com/2023/01/18/pentagon-cant-account-for-220-billion-of-gear-given-to-contractors/

[DefiantMassRINO]

There's such a thing as GPS property tracking tags.  The Pentagon should know, they invented GPS.

[Free Vulcan]

Such great options here. Let's see, either the stuff was claimed to exist and never did, and the money went to deep black budget stuff we don't even want to think about.

Or the other - there are hundred of billions of military equipment and ordinance running loose in the world that we don't control, in the hands of who knows who.

Pick your nightmare.

[Smokin Joe]

Such great options here. Let's see, either the stuff was claimed to exist and never did, and the money went to deep black budget stuff we don't even want to think about.

Or the other - there are hundred of billions of military equipment and ordinance running loose in the world that we don't control, in the hands of who knows who.

Pick your nightmare.

The Chinese are likely reverse engineering some of it...