Report: Navy has billions in surplus
Posted: Fri Dec 19, 2008 9:20 pm
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Report: Navy has billions in surplus
By Matt Kelley - USA TODAY
Posted : Friday Dec 19, 2008 7:15:56 EST
WASHINGTON — The Navy keeps an average of $7.5 billion worth of spare parts and other goods it doesn’t need every year because of poor planning and management, congressional investigators say in a report to be released today.
The Government Accountability Office report says the Navy hasn’t heeded repeated warnings since 2001 about longstanding problems with the military’s inventory management. The report from the GAO, Congress’ non-partisan investigative agency, says the Navy’s failure to keep track of changing requirements and a lack of communication among the proper officials led to surpluses of spare parts ranging from submarine sonar sets to engine fan blades for fighter jets.
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