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New CEO, Same Corporate Fraud: Pentagon Halts Lease Deal after Firing of Boeing CEO

WASHINGTON, D.C. — In response to the sudden resignation of Phil Condit and the hiring of Harry Stonecipher as CEO of Boeing, the Council for Citizens Against Government Waste (CCAGW) warned against forgiving-and-forgetting the embattled defense contractor. Despite today’s announcement that the Pentagon will postpone the $18 billion plan to lease and buy 100 Boeing re-fueling tankers, Stonecipher has named the tanker deal one of his highest priorities and the plan still has defenders in Congress.
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DOD Delays Boeing Tanker Lease; Inspector General to Investigate

(Source: Project On Government Oversight, POGO; issued Dec. 2, 2003)

The Pentagon today said it will delay the execution of the lease and purchase of 100 Boeing tanker aircraft until the Inspector General investigates possible “improper conduct” on the part of a top Air Force official and Boeing’s former chief financial officer.

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