Rapid Fire: 2011-09-01 | Fraud, Waste in Iraq and AfghanistanSep 01, 2011 11:10 UTC by Defense Industry Daily staff
- The Commission on Wartime Contracting (CWC) formally submitsÂ Transforming Wartime Contracting – Controlling costs reducing risksÂ [PDF] to Congress. The report says that at least $31 billion has been lost to contract waste and fraud in Iraq and Afghanistan, and offers 15 recommendations for contracting reform.
- General David Petraeus uses hisÂ retirement speech (see video at the bottom of this entry)Â to pay tribute to those who steered the US military through itsÂ ‘hollow force’Â era. Petraeus also emphasized the importance of safeguarding gains made in Iraq and Afghanistan against a backdrop of change in the Middle East and reduced defense expenditure.
- Indian defence sources have outlined the ministry’sÂ ‘flagrant violation’ of offset rulesÂ for a number of high-profile contracts. RAC MiG’s $964 million deal to upgradeÂ India’s MiG-29 fightersÂ and the purchase of BoeingÂ C-17 Globemaster IIIÂ heavy transport aircraft are among the contracts under the spotlight.
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