Halliburton. Must be Nice.

The U.S. Army said on Tuesday it had awarded $72 million in bonuses to Halliburton Co. for logistics work in Iraq but had not decided whether to give the Texas company bonuses for disputed dining services to troops.
Army Field Support Command in Rock Island, Illinois, said in a statement it had given Halliburton unit Kellogg Brown & Root ratings from "excellent" to "very good" for six task orders for work supporting U.S. troops in Iraq.
The Army said its Award Fee Board in Iraq had met in March and had agreed to pay KBR bonuses for work it did in support of U.S. forces there.
The Army said in a statement later that while it had given the company an additional $72 million, it had denied KBR $10.1 million in bonuses and not paid the maximum allowed on any of the task orders.
"We have protected the taxpayer FIRST," said the Army in a statement released later, pointing out this paragraph had been "inadvertently left off" the original news release.
The Army said dining facility costs questioned by auditors from the Defense Contract Audit Agency had not yet been considered by the military's Award Fee Board. No details were available as to when this dining fee bonus would be resolved.
Much of Halliburton's work for the U.S. military, ranging from building bases to delivering mail, is on a cost-plus basis, which means the company can earn up to 2 percent extra depending on its performance.
Bonuses are awarded based on, among other factors, how efficient and responsible the company is to requests from the Army and is an indicator of how the Army views KBR's performance in the field.
KBR's logistics deal with the U.S. military has been in the spotlight from the outset in Iraq, with allegations by auditors that they overcharged for some work, including dining services.
In addition, investigators are looking into whether the Texas-based firm charged too much to supply fuel to Iraqi civilians, a claim the firm says is not justified.
Halliburton, which was run by Vice President Dick Cheney until he joined the 2000 race for the White House, has earned more than $7 billion under its 2001 logistics contract with the U.S. military.

[imported_mega]

any idea how stock is doing for them?

Up and down. I'd say this made it rise some. And who gets richer. Cheney and others. To bad we all didn't know who would get those big time contracts. We could of made some mega bucks. [img]/LDPforum/ubbthreads/images/graemlins/grin.gif[/img]

[imported_Counts]

Actualy we should have known I remember reading somewhere that they are the only company that even has the abality to provide those services

[greencrest1272]

People cant stand to see other people make money and be sucessful, Im sure if you were running the Haliburton company it would not be a problem...

[MikMo]

Hmm....President Bush coming from oil family and gas going through the roof. VP Cheney with interests in Halliburton and his company profiting from the war in Iraq. Somebody smell a rat (or two)?

HMMMM. bonuses for Haliburton and poorly armed troops, hmmm what is wrong here?

[greencrest1272]

The only reason we are in Iraq it to make Haliburton millions of dollars, you boys have cracked the case, better call CNN. Give me a break...

Not on a case , just making a point. Some keep their head buried in the sand.

[greencrest1272]

If there was something dirty going on and with this much publicity for it I think some kind of action would have happened by now. The FBI or CIA or whoever would handle a case such as this would be doing an investigatoin by now. Im sure they dont need a liberal posting on sports forum in Southwest Virginia to tell them...