In a letter to Secretary of Defense Lloyd Austin, Sens. Bernie Sanders, Elizabeth Warren, Chuck Grassley, Mike Braun and Ron Wyden said they were prompted by a six-month investigation by 60 Minutes that uncovered extensive price gouging.
"The DOD can no longer expect Congress or the American taxpayer to underwrite record military spending while simultaneously failing to account for the hundreds of billions it hands out every year to spectacularly profitable private corporations," the senators wrote.
Lockheed Martin told 60 Minutes it,"constructively and ethically works with the U.S. government to support its national defense, intelligence, and international security cooperation objectives.""We negotiate with the government in good faith on all our programs to meet its mission needs with the best and most effective technologies and systems in compliance with Federal Acquisition Regulations and all other applicable laws.
Lockheed is delivering the aircraft the Pentagon paid to design and build, but under the contract, the company and its suppliers retained control of some of proprietary information — the design and repair data — needed to fix and upgrade the plane.
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