Troubled KBR Wins $2.8 Billion Army Contract
Contract Could Keep Contractor in Iraq Through 2015
Though the company remains under a cloud of suspicion for its shoddy work in Iraq, the US Army today announced that military contractor KBR would be awarded a $2.8 billion annual contract for a variety of new support work in Iraq.
KBR’s faulty electrical work has been blamed for the death of at least one US soldier in Iraq, and over a dozen other electrocution deaths have also been probed. KBR said today’s contract was vindication that the “government recognizes KBR’s ability and expertise.”
Yet not all is well in the company’s relationship with the federal government, as only last week Congress denied the company $25 million in bonuses after ruling that they failed to meet a standard deserving of the bonus.
The KBR contract only covers a single base year, but includes options for up to four additional years, meaning it could keep them in Iraq through 2015. The fact that the military is keeping its options open for contractors in Iraq in 2015 is significant, as officials publicly insist all troops will be out by the end of 2011.
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paulBass
March 3rd, 2010 at 5:16 am
seems like investing in construction 5 years after you plan not to own the realestate anymore is a really bad economic decision… either that or they are lying to us (shock!)
MvGuy
March 3rd, 2010 at 5:26 am
AAAAAAhhhhh From US to them.. The fountain of plenty… OUR TAX DOLLARS… The supernova burns so bright, then darkness collapse…. It's slow like paint drying or America decaying…. The rust belt is enlarging, tightening…. Dying empires are ugly to observe…. Dying societies uglier….. Afghanistan the destroyer of empires….. Afghanistan, the cocaine of hubris…. Cocaine is G-d.s way of tellin you that you have too much money, Afghanistan is G-d's way of tellin you that you have too much hubris……. American ghost towns…..they are here and growin too… Cleveland…Detroit……. Buffalo…..
http://www.usatoday.com/news/nation/2010-03-01-to…
Henry_Clemens
March 3rd, 2010 at 4:13 pm
Well, there goes another 2.8 billion dollars the country doesn't have down the political-military-industrial complex rathole. Reports indicate that Social Security and Medicare are on the verge of bankruptcy. One would think that if any group would be out on the streets demanding an end to obscene and bloated military and so-called "nation-building" budgets it would be America's old geezers. But no, not a peep of protest is heard from the AARP crowd.
Troubled Commanders Kissed in a Rusty Cage « The Vigilant Lens
March 3rd, 2010 at 3:12 pm
[...] a distant inbred cousin of Halliburton’s, has just “won” another contract with your US Army. It’s worth $2.8 billion. Proving once again, that Capitalism and your [...]