Cost Bombshells

Exploding spare-part prices

At a time when President Reagan is fighting with Congress over his record military budget, whistle blowers in the Pentagon are continuing to sound alarms about the wasteful way past funds have been spent. Last fall a leaked report, prepared by Air Force auditors at Oklahoma's Tinker Air Force Base, showed astounding increases in the price of aircraft engine parts made by Pratt & Whitney: a turbine air seal for an F-111 fighter-bomber, for example, soared from $16 to $3,033.82 in one year. These findings touched off a broader study by the Pentagon's inspector general's office. Last week a...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!