Business Services Industry
Report Blasts Boeing 767 Tanker Deal.
Knight Ridder/Tribune Business News, April, 2004
By David Bowermaster, The Seattle Times Knight Ridder/Tribune Business News
Apr. 9--As early as today the inspector general of the Department of Defense is expected to release a scathing review of an Air Force proposal to obtain 100 Boeing 767 refueling tankers, congressional sources said.
The report urges the Pentagon not to move forward with the $23.5 billion transaction unless hefty changes are made to remedy procedural and financial flaws that violate federal rules and could cause the government to spend up to $4.5 billion more than necessary, according to a seven-page executive summary reviewed by The Seattle Times.
The report surfaces as the deal enters a critical four-week period that could clear the way for 767 tanker...
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