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Pentagon Lost $220B In Military Equipment

  • The Department of Defense, one of the largest federal agencies, has admitted to losing track of over $220 billion worth of equipment it gave out to military contractors, according to a Government Accountability Office report.
  • The DoD frequently contracts with third parties for a host of services such as intelligence gathering, weapons development, and transportation.
  • Sometimes, the DoD will loan out government property to these contractors, including ammunition, missiles, and torpedoes, to help the contractors accomplish their mission goals. Unfortunately, the DoD has done a poor job of keeping track of these assets.
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