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Rickover criticizes Pentagon waste and profiteering
Adm. Hyman Rickover told a Joint Economic subcommittee that defense contractors harvest about 2 billion annually from Pentagon contracts due to toothless procurement rules. He urged Congress to overhaul procedures, citing examples of excessive profits, biased approvals, and unequal design charges.
MENTIONED IN THIS ARTICLE
Washington (Ap
Hyman G. Rickover
Pentagon
Congress of Defense Department
Commerce Department
Rickover
Joint Economic Subcommittee
Sen
William Proxmire
Dix-Wis
Department of Defense
Defense Department