Halliburton announces 284 percent increase in war profits

[dogday]

25 July 2005


WASHINGTON, July 25 (HalliburtonWatch.org) -- Halliburton announced on Friday that its KBR division, responsible for carrying out Pentagon contracts, experienced a 284 percent increase in operating profits during the second quarter of this year.

The increase in profits was primarily due to the Pentagon's payment of "award fees" for what military officials call "good" or "very good" work done by KBR in the Middle East for America's taxpayers and the troops.

Despite the scandals that plague KBR's military contracts, the Pentagon awarded $70 million in "award" fees to the company, along with four ratings of "excellent" and two ratings of "very good" for the troop logistics work under the Army's LOGCAP contract.

The Pentagon has provided preferential treatment to Halliburton on a number of occasions, including the concealment from the public of critical reports by military auditors.

http://www.halliburtonwatch.org/news/earnings072205.html
:puke: :puke: :puke: :puke: :puke: :puke: :puke:

[elehhhhna]

1. HAL/KBR: The new welfare queens!

[xchrom]

2. the perpetual welfare queens.

and let's not forget bechtel.

[Tierra_y_Libertad]

3. "Patriotic" war profiteers collecting blood money.

The worst part is that we're paying the bastards thanks to the "patriotic" politicians who vote to give them our money.

[mtnester]

4. This should be a crime.

[NorCalDem]

6. It is, it's called war-profiteering

but it should be enforced!

[tiptoe]

5. Rory Mayberry, Former KBR Food Production Mgr: "KBR paid for spoiled food"

KBR Served Spoiled/Expired Food to Troops - Sen Byron Dorgan

Excerpts from the five-page Statement of Rory Mayberry, Former Halliburton Employee -- Senate Democratic Policy Committee, June 13, 2005

...When I was assigned to the dining facility, KBR managers informed me that there were KBR practices that were to be followed everyday. These practices led to major overcharges.

First, KBR was supposed to feed 600 Turkish and Filipino workers meals according to their custom. Although KBR charged the government for this service, it didn’t prepare the meals. Instead, these workers were given leftover food in boxes and garbage bags after the troops ate. Sometimes there were no leftovers to give them.

Second, KBR charged the government for meals it never served to the troops. Until late 2003, Anaconda was a transition site for army personnel. Because there could be large numbers of extra personnel passing through everyday, KBR would charge for a surge capacity of 5,000 troops per meal. However, KBR continued to charge for the extra headcount even after Anaconda was no longer a transition site.

When I questioned these practices, the managers told me that this needed to be done because KBR lost money in prior months, when the government suspended some of the dining hall payments to the company. The managers said that they were adjusting the numbers to make up for the suspended payments.

I would prepare food orders each week in order to get the food we needed at the camp in the coming week. The KBR managers would triple the order every week to bring in much more food than we needed. They did this because they were charging an extra 5,000 troops they weren’t actually feeding. Most of this food went to waste though.

Third, KBR paid too much for the food itself. Initially, a company called Tamimi Catering was KBR’s sub-contractor for the food. Tamimi paid local prices for the food products in the towns and cities around the base in addition to orders sent to their main office. Tamimi’s pricing was fair for the condition of the country. Then, KBR switched to a new supplier, PWC. PWC’s prices were almost triple what Tamimi’s were. For example, tomatoes cost about $5 a box locally, but the PWC price was $13 to $15 per box. The local price for a 15-pound box of bacon was $12, compared to PWC’s price of $80 per box. PWC charged a lot for transportation because they brought the food from Philadelphia. KBR switched from Tamimi to PWC because Tamimi complained about KBR’s poor treatment of its staff; they were living in tents with sand floors and no beds.

There were other problems that were not related to KBR’s costs.

Food items were being brought into the base that were outdated or expired as much as a year. We were told by the KBR food service managers to use these items anyway. This food was fed to the troops...

War profiteering at its best...and deserving of a "Bushie Medal of Freedom"



:puke: :crazy:

[w8liftinglady]

7. I can see how that's happened

their cheap security
http://www.halliburtonwatch.org/chart.html