Pentagon Can’t Account for Thousands of F-35 Parts, GAO Says
Story by Tony Capaccio • Yesterday 4:37 PM
(Bloomberg) -- The Pentagon can’t account for hundreds of thousands of spare parts worth millions of dollars that are stored worldwide for the US and allies that use its costliest weapon, the F-35 jet, according to congressional auditors.
The findings by the Government Accountability Office offer a concrete current example of “material weaknesses” in the Pentagon’s financial management that resulted in the military’s failure to pass a department-wide audit for the fifth consecutive year, according to the review that was released Tuesday.
Unlike scores of GAO reports and other assessments that analyze the fighter jet’s cost, schedule and flying performance, the new audit delved into the more mundane and largely invisible work of supporting the aircraft once it’s delivered to international customers. The operation and support bill for the F-35 may reach an estimated $1.4 trillion through 2088.
https://www.msn.com/en-us/money/markets/pentagon-can-t-account-for-thousands-of-f-35-parts-gao-says/ar-AA1bAfdZ
