US Army pays Halliburton big bonus
Bonuses? You do know that VP Cheney (Former CEO of Halliburton), has a deferred stock option as retirement? To me, this is a blatant conflict of interest, but hey, who am I? I ain’t in the loop. I wouldn’t lower myself to a sub human way of deceit anyway. So just how much MONEY is to be made from these cretins before they are satisfied? How many American men and women will be killed or scarred for life? When will this “Vietnam2” end? Somebody?
Things are quite cozy in Bushington, D.C. And the thing is, George cannot even stand being there! He makes no “Bones” about it. He prefers Crawford TX. Here’s my take on Liberals vs Consertatives.
Liberals are people who want change, people who are intellegent enough to see that they are being duped.
Consertatives are people who are scared enough to sit back and say “Let our leaders decide what is right for us.. Shut up about it. (O’Reilly comes to mind). Anyway, read on and have a safe weekend.
Halliburton has made billions out of US military deployments
The US Army has awarded defense contractor Halliburton more than $9 million in bonuses for some of its work supporting the military in Kuwait and Afghanistan.
But the Army said performance-based bonuses had not been paid yet to Halliburton’s Kellogg Brown and Root (KBR) unit for dining services for US troops in those countries.
Military auditors have criticised those services as too costly and have asked the Texas-based company to justify its billing.
Halliburton and its subsidiaries have particularly been under scrutiny for over-billing some of its military contracts in Iraq.
The Pentagon has also been criticised for extending undue favours to the firm, once headed by US Vice-President Dick Cheney.
“Dining facilities costs questioned by the Defence Contract Audit Agency have not been included in Award Fee Boards but are scheduled to be addressed later,” an army statement said on Thursday. Army Field Support Command in Rock Island, Illinois, said award fee boards held over recent months rated KBR’s performance as “excellent” to “very good” for more than a dozen “task orders” in Kuwait and Afghanistan supporting troops.
Much of Halliburton’s work for the US military is on a cost-plus basis, which means the company can earn up to 2% extra depending on their performance.
A US Army spokesman said KBR had been awarded $9.4 million in bonus payments from its work in Kuwait and Afghanistan.
Overall, KBR has earned $7.2 billion under a massive 2001 logistics contract with the US military and is set to earn more than $10 billion under that deal. It has separate deals with the government for reconstruction work in Iraq.
The bulk of money paid out so far under the logistics deal – about $6.6 billion – is for work in Iraq which still must be assessed for bonuses that could amount to hundreds of millions of dollars.
Army contracting officer Sylvia Youngman said the first military award fee board for KBR’s Iraq task orders would begin on 28 February and would likely take many weeks.
Bonuses are awarded based on, among other factors, how efficient and responsive the company is to requests from the army, Youngman said.