Word: contraction
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Dates: during 2000-2009
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...Veolia's U.S. subsidiary beat out Suez-owned United Water for a $1.5 billion 20-year contract to manage water distribution in Indianapolis, the largest such current contract in the U.S.; United Water already had the contract to run the city's wastewater system. The city had purchased the waterworks from a private owner that was struggling, says Tim Hewitt, president and CEO of Veolia Water Indianapolis. "When we started, there were taste and odor problems, and the previous owner had basically told people to get over it." Veolia couldn't do that since the agreement sets incentives for customer...
...measure, the Indianapolis deal has been considerably more harmonious than a 20-year management contract forged in 1998 between Atlanta, under now jailed mayor Bill Campbell, and Suez subsidiary United Water. That arrangement descended into a cacophony of charges and countercharges until it was mutually dissolved in 2003. Its failure may be one reason that the U.S. market, once praised for its explosive potential, has been "a little frustrating," as Hewitt says. But the frustration is relative: Veolia's U.S. business grew 12% last year...
...machine guns and Glock handguns and that larger weapons, like a belt-fed 5.56 machine gun squad automatic weapon, would be issued upon arrival. They were also told they would be doing advance work in Iraq, gathering intelligence, inspecting routes and doing prep work before starting a new contract...
...when they arrived in Iraq, there were no heavy weapons or hard cars. Just as important, their project manager, a heavyset American they called Shrek, prevented them from doing the promised preparations, Berman says. Blackwater's team was in a hurry to take over the contract to escort kitchen supplies to a U.S. military base near Fallujah from a British security company. The British company offered to have the Blackwater guys ride along with them to get to know the general routes and threats, but Shrek said his team was "way too busy," according to Berman. Blackwater also didn...
These days Blackwater is pushing ahead, looking for new products it can sell. It is expanding the number and type of aircraft it can provide, including blimps for aerial surveillance. Last year it won the lucrative contract to protect the U.S. embassy in Iraq--the largest American embassy in the world. Blackwater vice chairman Black says he believes the company could also help provide muscle in peacekeeping missions. "Helping people and doing good is a good thing," he told Time. "Blackwater is the premier company in the training area and security solutions area. If my mother needed protection...