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Pentagon to audit major defense contractors looming overcharges
The Defense Contract Audit Agency will begin reviewing the 300 largest firms to verify whether computerized accounting systems led to unwarranted charges against the Pentagon during the Reagan era. Auditors cite potential hundreds of millions, possibly over a billion, in excess profits from MRP systems and double billing for spare parts. Bell Helicopter Textron is under criminal probe for about $100 million in suspected fraud.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
Defense Contract Audit Agency
Defense Department
Iden Bally, LY
Bell Helicopter Textron Inc
Washington, D.C
Defense
Phillip B. Rogers
Rogers
Miami