Army contracts

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'Tens of Billions' Wasted on War Contractors: Report

'Criminal behavior and blatant corruption' a bad combo with 'ill-conceived projects'

(Newser) - The US has misspent “tens of billions of dollars” on contractors in Iraq and Afghanistan—at minimum—according to a new report from a bipartisan commission set up to scrutinize the issue. The report bemoaned problems like “ill-conceived projects,” “poor planning and oversight by the US... More »

Ex-Generals Cash in as Gov't 'Mentors'

They collect millions... while also working for defense contractors

(Newser) - If you’re a general unhappy with your measly six-figure salary, just retire; the Pentagon will pay you millions to come back and consult, even if you’re also drawing a paycheck from a defense contractor. At least 158 retired admirals and generals are now on the Pentagon payroll as... More »

Analysts: Mac Win Likely to Hit Defense Firms Harder

He's got the clout and the will to slash budgets

(Newser) - The defense industry is generally wary of Democratic wins, but this time around it's a Republican victory that may give military industries—and their investors—a complex, MarketWatch reports. A President Obama would be unlikely to give critics of his foreign policy cred ammunition by slashing defense spending, analysts say,... More »

Pentagon Investigates $6B in Contracts

Soldiers, civilians charged with taking bribes in Iraq

(Newser) - The Pentagon is investigating widespread graft involving US war-zone contracts, with 29 soldiers and civilians charged so far, the New York Times reports. Most of the scrutiny focuses on a contracting office in Kuwait, where an Army major is charged with taking $10 million in bribes from companies seeking contracts... More »

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