Halliburton Awarded New Military Contract (potentially over $1 billion)

[sabra]

<<SNIP>>
http://www.newsday.com/business/nationworld/wire/sns-ap-halliburton-contract,0,3829305.story?coll=sns-ap-business-headlines

Halliburton Awarded New Military Contract

Email this story

Printer friendly format

By KRISTIE RIEKEN
Associated Press Writer

June 22, 2005, 4:28 PM EDT


HOUSTON -- Halliburton Co. won a contract potentially worth more than $1 billion to support U.S. troops in the Balkans and other areas in Europe.

The U.S. Army Corps of Engineers contract was awarded to Halliburton subsidiary KBR despite ongoing allegations of overbilling by the unit, the largest U.S. contractor in Iraq. Halliburton has consistently denied wrongdoing.

Halliburton is guaranteed a minimum of $5 million for the first year and an additional $1 million for each of the four optional years under the contract, which replaces the Balkans Support Contract awarded to Halliburton in May 1999, the Army Corps said in a release. The U.S. may spend up to $1.25 billion for the company's services in the five-year period.

The Army Corps said it expects the cost of support services for troops in the Balkans to be $68 million in the first year, and $234 million over the five-year life of the contract, and does not yet know the cost of support for regions outside the Balkans.

<</SNIP>>

[kysrsoze]

1. What's new?

[Desertrose]

2. AARRGGHHHHHHHHH!!!!!!!!

Enough already......how friggin much money does one comapny need to have????

[Moderator]

3. Duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x1569409