DOD Overpaid $14M For Boeing Spare Parts, Watchdog Says

Law360, Washington (October 1, 2013, 3:58 PM EDT) -- Defense Logistics Agency Aviation contracting officers failed to negotiate fair prices from Boeing Co. for hundreds of spare parts orders, resulting in $13.7 million in overpayments, according to a report unsealed Monday by the U.S. Department of Defense Office of the Inspector General.

Contracting officers at DLA Aviation, which manages hundreds of thousands of spare parts for the military, failed to properly oversee or negotiate prices with Boeing under two sole-source spare parts supply contracts, resulting in the agency paying more than “fair and reasonable” prices...
To view the full article, register now.