TV News LIES

Saturday, Sep 28th

Last update06:55:34 AM GMT

You are here News Military US Military Paid $1.1 Trillion to Contractors That Defrauded the Government

US Military Paid $1.1 Trillion to Contractors That Defrauded the Government

E-mail Print PDF

RaytheonThe 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.

Another $33 million was paid to 54 companies after they were convicted of criminal fraud against the government. Companies found guilty of criminal fraud received a total of $255 million during the ten-year period.

The report, which was prepared for Sen. Bernie Sanders (I-Vermont), follows a report released by a Congressional commission that found $33 billion to $60 billion in taxpayer money had been lost due to contract fraud and waste in the wars in Iraq and Afghanistan. The commission blamed the problem on ill-conceived contracting projects, lack of government oversight and "criminal behavior and blatant corruption," according to its report.

More...


Most Recent Related Stories...


Senate clears key military nomination after Tuberville drops hold on Army general

Sen. Tommy TubervilleThe Senate on Wednesday quietly cleared a key military nomination for commanding general of the U.S....

10 former top military officials call Trump ‘a danger,’ back Harris

Gen. Larry R. EllisTen retired U.S. military generals and admirals are backing Vice President Harris and warning against picking...

US navy apologizes for razing of Native Alaska community in late 1800s

US Navy apologizes for razing Native Alaskan villahe In a ceremony Saturday afternoon, the US navy apologized for firing upon and torching the Alaska...

US Navy sailor detained in Venezuela for unknown reason, officials say

Navy detained in VenezuelaA United States Navy sailor is being detained in Venezuela after traveling to the country while...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!