3 ms·
Here is one of the two young entrepreneurs (19 and 23 years old) that secured ~$300M DoD contract. So obviously, it is not as bad. ;) In 2005, Packouz (23 year
by woobar 9y ago
Here is one of the two young entrepreneurs (19 and 23 years old) that secured ~$300M DoD contract. So obviously, it is not as bad. ;)
In 2005, Packouz (23 years old at the time) joined Efraim Diveroli (19 years old at the time) in Diveroli's arms company AEY Inc. By the end of 2006, the company had won 149 contracts worth around $10.5 million.[1] In early 2007, AEY secured a nearly $300 million U.S. government contract to supply the Afghan Army with 100 million rounds of AK-47 ammunition, millions of rounds for SVD Dragunov sniper rifles, aviation rockets and other munitions
https://en.wikipedia.org/wiki/David_Packouz https://en.wikipedia.org/wiki/David_Packouz
EDIT: added quote from Wikipedia
- hueving 9y agoSupply contracts are very different than a bid to build something to specifications.
- sjg007 9y agoI like how they were turned in by their supplier for failing to pay.
- jacquesm 9y agoIt's also listed as a text book case of what is wrong with procurement.
- epmaybe 9y agosince nobody mentioned already, there is an enjoyable film that was recently made about these two individuals called "War Dogs".
- charlesdm 9y agoI was about to say the same -- great movie!
- jacquesm 9y agoPity they had to do it fraudulently. This is not exactly a bespoke product though. 4 years in jail/7 months house arrest is not a great thing to have on your record either but I guess the payday made it worth it for them.