How the Pentagon falls victim to price gouging by military contractors

Military contractors overcharge the Pentagon on almost everything the Department of Defense buys each year, experts told 60 Minutes over the course of a six-month investigation into price gouging.

In March, Deputy Defense Secretary Kathleen Hicks announced the largest Pentagon budget ever: $842 billion. Almost half will go to defense contractors. 

Retired Air Force Lieutenant General Chris Bogdan, who spent his career overseeing the purchase of some of the country's most critical weapons systems, said there's an inherent conflict between the Pentagon and defense contractors. 

"They are companies that have...