House to investigate defense contract to firm that shipped Chinese-made ammo to Afghanistan
Nick Juliano / Raw Story
A lengthy investigation published Thursday reveals that the Pentagon gave an inexperienced 22-year-old a $300 million contract to provide ammunition to Afghanistan. The shady deal resulted in decades old, substandard munitions being delivered to US and Afghan troops fighting on the front lines of the war on terror.
Following publication of a lengthy New York Times article, the House Oversight Committee announced it would investigate AEY Inc., a fledgling company that thrived after 2003 as the US government began handing out billions of dollars to private defense contractors. Chairman Henry Waxman invited company officials as well as representatives of the State and Defense departments to testify at a hearing next month, according to a news release.
More after the click ...
My comment:
I just love it when private enterprise steps in to demonstrate that the morals and ethics of the invisible hand of the market (i.e profit motivation) is far superior to any other way of dealing with any given situation. It's obvious to me that I'm in the wrong business. Even a measly 10% profit on $300 million would get me through the day.
No comments:
Post a Comment