Pentagon lost track of $220B in military equipment

This is not a new problem.

By Adam Andrzejewski

The Department of Defense, one of the largest federal agencies, has admitted to losing track of over $220 billion worth of equipment it gave out to military contractors, according to a Government Accountability Office report.

The DoD frequently contracts with third parties for a host of services such as intelligence gathering, weapons development, and transportation. Sometimes, the DoD will loan out government property to these contractors, including ammunition, missiles, and torpedoes, to help the contractors accomplish their mission goals. Unfortunately, the DoD has done a poor job of keeping track of these assets.

The report found that the $220 billion in equipment the agency has lost track of is likely “significantly understated.” The report also cites lost equipment as one of the reasons the DoD can’t balance its books. The agency has never passed an audit, and the agency could only account for 39% of its $3.5 trillion in assets during its last audit in November 2022.

This is not a new problem, with auditors first noting the agency had a material weakness in tracking assets in 2001. Since then, leadership has tried multiple times to create a database to document its assets, but has failed every single time. It has begun the process of starting a database of assets for the eighth time, this time pledging to have a system in place by 2026.

It’s not only fiscally irresponsible for the Pentagon to lose track of $220 billion in assets, it’s a risk to national security when the Pentagon loans out weapons without ever following up on what happened to them.

The #WasteOfTheDay is brought to you by the forensic auditors at

This article was originally published by RealClearInvestigations and made available via RealClearWire.

Like this article? Check out the latest BASEDPolitics podcast on Apple Podcasts, Spotify, or below:

Sign up for Our Email List

* indicates required
*By signing up for our email you consent to getting our emails directly in your inbox. These including our newsletter or other informational emails*

Our Latest Podcast

Related articles

Rand Paul: Why did the Left abandon its defense of free speech?

Rand Paul asked a great question. The answer is simple:...

Dr. Fauci set for dramatic showdown in Congress

Go ahead and pencil January 8th and 9th into...

Javier Milei proved that libertarian populism can win

In 2008 and 2012, Republican Congressman Ron Paul ran...

Don’t fall for ‘woke’ misinformation about the origins of Thanksgiving

Who doesn’t love Thanksgiving ? Woke social media activists, apparently. Every time this...