Well-connected firm takes on Halliburton for lucrative Army deal

[spindrifter]

DAN CATERINICCHIA and DONNA BORAK
Associated Press

WASHINGTON - A defense contractor now overseen by a former Bush administration cabinet secretary is taking on Halliburton Co. by bidding for one of three Army contracts worth up to $50 billion each to provide food and shelter to U.S. troops in Iraq and Afghanistan.

Within days of former U.S. Treasury Secretary John Snow becoming chairman of the New York hedge fund that owns IAP Worldwide Services Inc., the company submitted its bid for huge Army contracts that will be awarded by year-end.

Cerberus Capital Management LP owns Cape Canaveral, Fla.-based IAP, which is led by former executives from Halliburton subsidiary Kellogg, Brown & Root.

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(Loren Thompson, a defense analyst at the Lexington Institute) said it's a "near certainty" that both KBR and IAP would win something, but added that "coordinating such complex activities and teams could make KBR's performance look like a case study in sound management."

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http://www.dfw.com/mld/dfw/news/state/15923412.htm

[Dosaybe]

1. on REALtime HBO with Bill Maher guest was "Iraq for Sale" just now

Apparently the interrogators at Abu Graib were private contractors, so only the soldiers can be accountable.
CEO salaries are Millions of dollars while the troops have no armor on their tanks.
War Profiteering was called Treason in WWII