Boeing’s Charges to Pentagon Questioned in Audit for Fourth Time

Four times in the past five years, the Pentagon’s inspector general has found that Boeing Co. (BA:US) collected excessive or unjustified payments on U.S. defense contracts. In the latest of four audits since 2008, the watchdog office said the Chicago-based company charged the U.S. Army for new helicopter parts while installing used ones “Boeing significantly overstated estimates” of new components needed for CH-47F Chinook helicopters and “primarily installed used parts instead”.

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