A new DoD policy memo demands more data to support the prices the military pays for spare parts. But it only applies to one company.
DoD’s inspector general says the regional security stacks are still hampered by inadequate requirements planning and insufficient training for cyber defenders.
The company previously indicated an unwillingness to issue the refunds, saying that doing so could amount to an admission of wrongdoing.
The Pentagon has launched a new data gathering effort to try to detect sole-source vendors who are making excess profits by hiding their cost data from contracting officers.
The Pentagon and its inspector general said recent discoveries of tens of millions of dollars in uncatalogued parts offer concrete evidence of the audit’s direct connection to military readiness.
An audit of a sample of DoD’s contracts with Transdigm found half the company’s earnings were “excess” profit, but the inspector general said the findings highlight a need for broad policy changes.
Federal News Network has learned that at least one source has been interviewed by the FBI and DoD IG asking about the $10 billion Joint Defense Enterprise Infrastructure (JEDI) program and the Washington Headquarters Services role in this and other acquisitions.
In an interview, one of the Pentagon’s top auditors says most of the weaknesses uncovered by its first financial audit weren’t a surprise. But there’s reason for optimism.
In DoD’s first financial audit, 46 percent of problematic findings were related to IT, not strictly financial management.
A “disclaimer of opinion” was a foregone conclusion for Pentagon’s first financial audit before it even started. Now the focus turns to what the Defense Department will do with the findings.