Pentagon Can't Account for $220 Billion of Gear Given to Contractors

Pentagon Can't Account for $220 Billion of Gear Given to Contractors

• The actual total is probably higher according to the Government Accountability Office's new report.

"In a report released Tuesday, the Government Accountability Office (GAO) slammed the Pentagon's handling of so-called "government-furnished property" (GFP) that has been passed off to contractors with little oversight. 

The GAO notes that auditors have asked for decades that the Pentagon develop a plan to account for that gear and equipment—which can include "ammunition, missiles, torpedoes," and component parts for those items—to little avail...