Word: contracting
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...would a company like Halliburton, which, after all, runs a successful oil-field-services business far removed from Iraq, agree to stay there? Profits. Iraq contracts have added $5.7 billion to Halliburton's revenues since January 2003, accounting for almost all the company's growth at a time when it was struggling with $4 billion in asbestos claims. The fact is, war is one of Halliburton's specialties. The firm's comprehensive troop-support contract, called LOGCAP, and its southern Iraq oil-field-rehabilitation contract, known as Restore Iraqi Oil (RIO), require Halliburton to supply whatever the military needs, determined...
...world that could or would adapt this quickly while, at the same time, [financing] an operation of this magnitude." He's right: only two other U.S. companies, DynCorp and Raytheon, bid for this kind of massive logistical responsibility in the last bidding round. Under the terms of its LOGCAP contract, KBR had less than three weeks to provide 27 dining facilities throughout Iraq for 120,000 troops...
Whistle-blowers say inefficiency is encouraged by the nature of Halliburton's cost-plus contract, which ensures that the company will be repaid for expenses. Henry Bunting, 59, a former Army staff sergeant in Vietnam, handled procurement contracts for Halliburton from a base in Kuwait. He says he was actively discouraged from bidding. "We were not looking for the best price," Bunting told TIME. "The supervisors said time and again, 'Don't worry about the price. Halliburton will get reimbursed.'" Disgusted, Bunting quit and went home last summer. He testified before Congress in February on Iraqi contract practices. A Halliburton...
...obtained an internal Pentagon e-mail sent by an Army Corps of Engineers official--whose name was blacked out by the Pentagon--that raises questions about Cheney's arm's-length policy toward his old employer. Dated March 5, 2003, the email says "action" on a multibillion-dollar Halliburton contract was "coordinated" with Cheney's office. The email says Douglas Feith, a high-ranking Pentagon hawk, got the "authority to execute RIO," or Restore Iraqi Oil, from his boss, who is Deputy Defense Secretary Paul Wolfowitz. RIO is one of several large contracts the U.S. awarded to Halliburton last year...
...mail says Feith approved arrangements for the contract "contingent on informing WH [White House] tomorrow. We anticipate no issues since action has been coordinated w VP's [Vice President's] office." Three days later, the Army Corps of Engineers gave Halliburton the contract, without seeking other bids. TIME located the e-mail among documents provided by Judicial Watch, a conservative watchdog group...