GAO Report faults Pentagon's Buying of Spare Parts

Reuters -The Government Accountability Office (GAO) found in a new report released on Thursday that the Defense Logistics Agency had no use for parts worth $7.1 billion, more than half of the $13.7 billion in equipment stacked in Defense Department warehouses on average from 2006 to 2008...It was the fourth in a series of GAO reports about similar problems in the Army, Air Force and Navy. Earlier reports found Army parts depots had $3.6 billion worth of unneeded supplies, the Navy had an average of $7.5 billion worth of unneeded spare parts and the Air Force had some $18.7 billion in unneeded supplies, more than half of its spare parts inventory.