Cheney's Halliburton Made $39.5 Billion on Iraq War By Angelo Young, International Business Times 20 March 13 http://readersupportednews.org/FOCUS%20_%20Cheneys-Halliburton-Made-39-5-Billion-on-Iraq-War.htm
[Excerpted] The
accounting of the financial cost of the nearly decade-long Iraq War
will go on for years, but a recent analysis has shed light on the
companies that made money off the war by providing support services as
the privatization of what were former U.S. military operations rose to
unprecedented levels.
Private or publicly listed firms received at least
$138 billion of U.S. taxpayer money for government contracts for
services that included providing private security, building
infrastructure and feeding the troops.
Ten contractors received 52 percent of the funds, according to an analysis by the Financial Times that was published Tuesday.
The No. 1 recipient? Houston-based energy-focused engineering and
construction firm KBR, Inc. (NYSE:KBR), which was spun off from its
parent, oilfield services provider Halliburton Co. (NYSE:HAL), in 2007.
The company was given $39.5 billion in Iraq-related
contracts over the past decade, with many of the deals given without any
bidding from competing firms, such as a $568-million contract renewal
in 2010 to provide housing, meals, water and bathroom services to
soldiers, a deal that led to a Justice Department lawsuit over alleged
kickbacks, as reported by Bloomberg.... [end]
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