Senators urge Pentagon to investigate price gouging by military contractors after 60 Minutes report

A bipartisan group o U.S. S. senators aske the Department of Defense se to launch an investigation into price gouging by defense contractors.

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"D Chuck Grassley e wasted Mike Braun ced weapons Ron Wyden parts cannot be spent to counter adversaries or support service members," senators wrote. 60 Minutes artment of Defense previously responded to Pentagon tes' report from Sunday, w DOD ing in each year he Lockheed Martin om Boeing t Raytheon ting a TransDigm ntracts for fair and reasonable pricing in order to mini Department to th U.S. xpayer and maximize the combat capability and services delivered to the Department. Robust competition within the defense industrial base is one of the surest ways to obtain reasonable pricing on DoD contracts. For some defense requirements, however, the Department is reliant on single suppliers, and contracting officers must negotiate sole-source contracts u March statutory Defense gulatory au Kathleen Hicks protect the taxpayers' Pentagon ts..." for more Almost half Dollars NxlGi">Department DoD Departmentfive Defense Lloyd Austin class="summaryF 2020 hi the defense department's a Office of Inspector General aryFeed_highLig roughly 1 xlGi 5 >60 Minutes' The Department of Defense se the Government Accountability Office's NxlGi">TransDigm the 1990s ghtText__NxlGi">DoD Congress "summary American hLightText__NxlGi">DoD TransDigmthe hundreds of billions eed_highLightT every year ">DoD over 500,00 Shay Assad 60 Minutes Th 60 Minutes an> one htText__NxlGi 2015 M Assad s Army maryFeed_highLightText__ Lockheed Martin m Boeing Feed_highLightText__NxlGi">$28 m Pentagon span> U.S. pan class=" hundreds of millions of dollars i">$1 Patriot PAC-3 pan> Lockheed Martin Feed_h 60 Minutes xt__NxlGi">TransDigm U.S. highLightText__NxlGi">Assad second Congress Howley Last yearFederal Acquisition Regulations _highLightText__NxlGi">TransDigm Pentagon ed_highLightText__NxlGi">60 Minutes the Department of Defense h $550 million xlGi" W]e ck Howley TransDigm U.S. ummaryFeed_highLightText__Nxl Boeing 90 million Chris Bogdan theon Patriot 60 Minutes _highLightText__NxlGi">R Lockheed Martin Army 2012 highLightText__NxlGi">A seven years $90 billion ightText__NxlGi">RaytheonBogdan span class="summaryFeed_highLightText__NxlGi">60 Minutes $1.3 trillion i" Lockheed n