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The US Navy just lit another $9 billion on fire (responsiblestatecraft.org)

submitted 2 months ago by cfgaussian@lemmygrad.ml to c/us_news@lemmygrad.ml

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[–] knfrmity@lemmygrad.ml 7 points 2 months ago

over budget and fall behind schedule

Completely normal. The US government rewards contractors with "cost plus" contracts and typically no or minimal late penalties. Cost means "whatever you end up spending to build the thing", the plus is a nominal margin on top.

If that model sounds like it's ripe for corruption and exploitation, that's because it is.

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