31 Oct '12, 7pm

High risk defense suppliers soars, report finds: via @eetimes

High risk defense suppliers soars, report finds: via @eetimes

High risk defense suppliers soar, report finds Anne-Françoise PELE 10/31/2012 1:30 PM EDT PARIS – The number of high risk suppliers to the U.S. government agencies, defense contractors and subcontractors, as well as all military and commercial electronics application markets increased by 63 percent from 2002 to 2011, according to market research firm IHS iSuppli. In 2011, IHS observed that a total of 9,539 suppliers were reported either for known involvement in high-risk, fraudulent and suspect counterfeit part transactions, or for conduct identified by the government as grounds to debar, suspend or otherwise exclude from contract participation. There were 5,849 in 2002. In all, IHS reported that 78,217 high risk suppliers to U.S. government had been identified during the period from 2002 to 2011. Click on image to enlarge Vicki Knauf, parts logistics expert at IHS, declar...

Full article: http://www.eetimes.com/design/military-aerospace-design/4...

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