Boeing is not in trouble for money laundering, but the U.S. military is accusing the planemaker of some fiscal funny business involving cleaning supplies. An audit released by the Department of Defense on Tuesday found that the company was overcharging the government for spare soap dispensers on C-17 cargo planes.
It’s a spare soap dispenser, how much could it cost? $150,000?
Apparently reasonable is 20 for 9 million, but unreasonable is 4.3m for 9.
The article makes no sense with its numbers, and all claimed costs are out of this world. It’s a soap dispenser. It should be no more than $500.
Those are for “various spare parts,” where $9M was paid for “some number” of 20 kinds of parts, and $4.3M was paid for “some number” of 9 kinds of parts. And admittedly, $150,000 was what was paid for an unknown number of spare soap dispensers.
So we don’t really know how much a single soap dispenser cost, or how overpriced it was.
If I operated my job like this, I would be fired, beaten, and then fired again.
… Out of a cannon?
This reminds me of 30 rock where Alec Baldwin is trying to talk money with his immigrant nanny. And he says something along the lines of, “you go buy a gallon of milk and it costs, say, $200.”
It should remind you more of Arrested Development.
We should nationalize Boeing
Oh man, this looks bad for Boeing. They better offer a stock buyback just in case.
Everyone overcharges when it’s a government contract, which is annoying enough because everyone acts like it’s not their money that they’re stealing, but this is just obscene.
They’re stealing a little from themselves, but a lot from everyone else. So it is fine.
Wait you think businesses pay federal taxes?
Boeing killed John Barnett
Fuck 38%. 45% NOW!
It was probably made with industry leading military grade materials using nano technology.
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Were they really good ones though?
They were military grade, so no.
Actual overpricing or “black budget” overpricing?
I can imagine Lockheed doing it to find skunkworks, but no so much for Boeing
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