Millions in Losses Continue on Defense Stock Fund Sales to Foreign Customers
AFMD-81-62S
Published: May 18, 1983. Publicly Released: May 25, 1983.
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Highlights
GAO provided a supplement to its report on Department of Defense (DOD) actions on previous GAO recommendations, evaluating the reasons for DOD allegations that two previous GAO reports on the pricing of foreign military sales inventory items were based on an erroneous application of the Arms Export Control Act and that unvalidated data were used to support their conclusions.
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Topics
ExportingFinancial managementForeign military sales policiesInflationInventory controlMilitary inventoriesPrice adjustmentsMilitary forcesExport controlProcurement