7/5/2023 0 Comments Asylum by Kathryn Orzech![]() The company told 60 Minutes it's working to "equitably resolve" the matter. And the companies know it," Assad said.Īrmy negotiators also caught Raytheon making what they called "unacceptable profits" from the Patriot missile defense system by dramatically exaggerating the cost and hours it took to build the radar and ground equipment. "For many of these weapons that are being sent over to Ukraine right now, there's only one supplier. Even accounting for inflation and some improvements, that's a seven-fold increase. With Raytheon, Assad's former employer, now the sole supplier, it costs more than $400,000 to replace each missile sent to Ukraine. In the competitive environment before the companies consolidated, a shoulder-fired stinger missile cost $25,000 in 1991. ![]() Instead of saving money, Assad said the price of almost everything began to rise. The Pentagon granted companies unprecedented leeway to monitor themselves. ![]() Weapons contractors hitting Department of Defense with inflated prices for planes, submarines, missiles. ![]() "They were convinced that they could rely on the companies to do what was in the best interests of the war fighters and the taxpayers," Assad said. ![]()
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