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LNJ: Pentagon Lost Track of $220B in Military Equipment


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Pentagon Lost Track of $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.


The report found that the $220 billion in equipment the agency has lost track of is likely "significantly understated." The report also cites lost equipment as one of the reasons the DoD can’t balance its books. The agency has never passed an audit, and the agency could only account for 39% of its $3.5 trillion in assets during its last audit in November 2022.


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19 hours ago, TradeTheBeal! said:

I’ve misplaced $250K of Miatas before.


It happens…

Did you accidently put them in a ravine and say they were misplaced or did tou honestly misplace them.


I can definitely see being at the bottom of a ravine a good place for a mazda miata

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