But that article is hardly on a credible site.
The site copied an article from 1998, specifically, Sydney J. Freedberg Jr., "The Myth of the $600 Hammer," National Journal (December 5, 1998), vol. 30, page 2860.
For further confirmation of the article's content see the 26 July 1983 UPI article Defense drops hammer after cost overruns
In the latest case, Weinberger issued a statement disclosing that Gould Simulation Systems, Inc., of Melville, N.Y., charged the Navy $436 for a sledge hammer, $435 for a claw hammer and $437 for a 12-foot measuring tape. The tools were purchased for work being done at the Naval Air Station, Whiting Field, Fla.