Expensive Parts

Defense news: Boeing Overcharges Taxpayers By Up To 177,000 Percent For Army Helicopter Parts.

Mega-defense contractor Boeing has been vastly overcharging the Army for basic spare parts, forcing taxpayers to pay more than twice the “fair and reasonable” price, according to an audit conducted by the Department of Defense’s Office of Inspector General and leaked to the Project on Government Oversight. The IG looked at spare parts sales to the Corpus Christi, Texas Army Depot for two helicopters systems and found some egregious price gouging, such as charging $71 for a metal pin that should cost just 4 cents:

$644.75 for a small gear smaller than a dime that sells for $12.51: more than a5,100 percent increase in price. $1,678.61 for another tiny part, also smaller than a dime, that could have been bought within DoD for $7.71: a 21,000 percent increase. $71.01 for a straight, thin metal pin that DoD had on hand, unused by the tens of thousands, for 4 cents: an increase of over 177,000 percent.

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