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AFMD-81-62S 1 (1983-05-18)

handle is hein.gao/gaobabeat0001 and id is 1 raw text is: 
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SUPPLEMENTTO A REPORT BY THE RELEASED


Comptroller General


OF THE UNITED STATES



Millions In Losses Continue On Defense Stock

Fund Sales To Foreign Customers




This report supplement contains GAO's
analysis and response to the comments of
the Department of Defense subsequent to
the GAO report issued to the Congress on
September 10, 1981.

GAO is responding to the comments at the
request of the Chairman, House Committee
on Government Operations, who was con-
cerned about Defense's negative character-
ization of the report and its contention that
GAO based the report on an erroneous
application of the Arms Export Control Act
and used unvalidated data to support its
concl usions.

Although Defense took strong issue with
GAO's findings, it agreed with the report's
main recommendation that more realistic
inflation factors for pricing stock fund items
be adopted.


121439


GAO/AFMD-81-62 S
      MAY 18, 1983


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