War is Hell -- Unless You're Halliburton
In case you missed it: in this time of shared sacrifice for war, Halliburton announced last Friday (pdf) that subsidiary KBR's quarterly revenues from Government and Infrastructure work increased 284 percent from 2004 to 2005.
According to Halliburton executives, "[t]he increase primarily resulted from positive developments related to LogCAP award fees," "LogCAP" being the no-bid contract Halliburton received, as Southern Exposure first revealed in December 2001, for logistics support in the "war on terror." And they've been making a killing on it ever since.
Visit our friends at Halliburton Watch for more info. Will our "fiscally conservative" leaders be taking steps soon to rein in war profiteering and the squandering of billions of taxpayer dollars?
According to Halliburton executives, "[t]he increase primarily resulted from positive developments related to LogCAP award fees," "LogCAP" being the no-bid contract Halliburton received, as Southern Exposure first revealed in December 2001, for logistics support in the "war on terror." And they've been making a killing on it ever since.
Visit our friends at Halliburton Watch for more info. Will our "fiscally conservative" leaders be taking steps soon to rein in war profiteering and the squandering of billions of taxpayer dollars?
1 Comments:
I hate to say anything in Halliburton's defense, but it was receiving LogCap contracts from the DoD during the second half of the Clinton administration as well, although I doubt in such high a frequency.
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