Pentagon's $5.5 billion shutdown shopping spree
Hours before much of the government went on hiatus, the Pentagon was buying trucks, submarines and a new gym for the Air Force Academy.
By Brianna Ehley, The Fiscal Times
Just hours before Congress shut down the federal government and put hundreds of thousands of federal workers out of work, the Pentagon quietly went on a shopping spree and spent billions.
The Defense Department awarded 94 contracts totaling more than $5.5 billion on everything from Mercedes-Benz trucks and robot submarines to a new gym at the Air Force Academy, complete with a television studio, Foreign Policy first reported.
Then a few hours later, the government shut down and 400,000 DOD civilian employees were furloughed until further notice.
The Pentagon awards hundreds of millions of dollars in pre-approved contracts to companies every day, but it typically spends more on the last day of the fiscal year.
This time, however, was a different story, since Congress still hasn't approved a budget to fund the government for the New Year. This leaves all departments and federal workers in limbo until the standstill on Capitol Hill is resolved.
Here's a sample of what was in DOD's shopping cart Monday night:
$2.5 billion – for "spare parts" used by the Army, Navy, Air Force and Marine Corps. The contract was awarded by the Defense Logistics Agency (DLA) to Connecticut-based aircraft engine-maker Pratt & Whitney.
$230 million for the continuing operation of the sea-going X-band radar station that the Missile Defense Agency uses to detect ballistic missile launches in Asia. The contract was awarded to Massachusetts-based Raytheon (RTN).
$200 million for body armor and tactical vests made by Federal Prisons Industries to sell to other countries.
$139 million for sonar made by Lockheed Martin that allows destroyers to detect submarines and underwater mines.
$66 million for a new fuel pier at the Naval Base Point Loma.
$65 million for military helmets made by Arizona-based BAE Systems (BAESF), and used by the Army, Navy, Air Force and Marines.
$64 million to Lockheed Martin (LMT) for help operating spy satellites that are equipped with infrared cameras.
$49 million to Boeing (BA) to develop an upgraded version of the Army's MH-6 Little Bird chopper.
$49 million for 16 MQ-9 Reaper drones made by General Atomics for France.
$40 million for scalable offensive hand grenades that lets users choose the level of blast needed for the situation. The contract was awarded to Arizona-based Nammo Talley.
$19 million on cots for the Navy, Army, Marine Corps and Air Force (At these prices, they better be Tempur-Pedic.)
$18 million for a robot submarine that can save people from broken submarines up to 2,000 feet underwater.
$15 million for a bulk of helium.
$9 million for field jackets for the Afghan National Police Force.
$9 million for the Air Force Academy's new gym that will include CrossFit training, a Triathlon Club and a television studio (for some reason).
$7.5 million purchase of 60 Mercedes-Benz trucks for the U.S. Africa Command (AFRICOM).
$6 million for thermally insensitive telescope mirrors created by Trex Enterprises.
Related at The Fiscal Times:
UNACCOUNTABLE AND UNTOUCHABLE.....................................GO FIGURE!!!!!!!!!
They don't give a RAT$ A$$ what the AMERICAN PEOPLE think. Once again this is proven.!!!!!!!!!
VL:All good points.Everybody complains about welfare mothers getting food stamps to feed
her kids,but the Pentagon wastes trillions.
CL: I hate to always be the one to enlighten you, but things are never as simple as you
seem to think.It`s hot today.Must be Obama`s fault.Of course things like this are going to
happen.People are going to take advantage of the situation.As the ancient Romans used
to say"CAVEAT EMPTOR".In others words, buyer beware.
The Pentagon is like a separate country.There`s many "black PROJECTS" that even
the Congress and President doesn`t know what`s going on.This has happened for
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] S&P futures vs fair value: +5.70. Nasdaq futures vs fair value: +14.00. U.S. equity futures hover near their highs amid subdued action overseas. The S&P 500 futures trade six points above fair value. The benchmark index will enter the final session of the month with an August gain of 3.4%. Meanwhile, nine of ten economic sectors are on course to finish the month higher, while the smallest sector by weight-telecom services-will enter the session with an August decline ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'