In spite of the recession, major military contractors have realized substantial – even excessive – profits throughout the last decade. Spending on procurement from these contractors and others amounted to roughly a trillion dollars between 2001 and 2010.1 Stock prices of major military contractors more than doubled during this period. Some, such as Halliburton, benefited from billions in lucrative, single-source contracts.2 Procurement and contract reform, better accounting methods, and competitive bidding could save billions of taxpayer dollars.
Rein in Profits of Major Pentagon Contractors
by admin | Oct 14, 2012 | Uncategorized
