GAO: DOD Overpaid Contractors By Nearly $1 Billion Last Year

By Thomas Duffy / March 26, 2001 at 5:00 AM
The Defense Department overpaid contractors by $901 million in fiscal year 2000 and $670 million the year before, according to a General Accounting Office report released today. At the request of Sen. Tom Harkin (D-IO), GAO looked at the scope of DOD's over- and under-payments to defense contractors. Harkin is a member of the Senate Appropriations defense subcommittee. The agency's review looked at those contractors who received $125 million or more in contract payments in FY-99 from the Defense Finance...

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