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Recommend "Mike Ludwig" - US Military Paid $1.1 Trillion to Contractors That Defrauded the Government (Email)

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

Thursday 20 October 2011

by: Mike Ludwig, Truthout | Report

http://www.truth-out.org/us-military-paid-11-trillion-contractors-defrauded-government/1319140017

The 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 [3] 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 [4], 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.


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