Halliburton Contracts Balloon 
Monday, August 23, 2004 at 03:15PM
TheSpook

Despite being under an investigative cloud, company gets $4.3 billion in 2003
The oil services company Halliburton, largely through its subsidiary Kellogg, Brown & Root , has received more revenue from government contracts in the last year than from 1998 through 2002. In 2003, when the company had record revenue of $16.3 billion, Halliburton received contracts from the Department of Defense worth $4.3 billion, while in the previous five years it obtained less than $2.5 billion from the military, according to an analysis by the Center for Public Integrity. Although figures are not yet available for 2004, government revenue is bound to increase as a result of the contracts the company has won for work in postwar Afghanistan and Iraq, which so far potentially totals $11.4 billion. Some of that work was actually awarded earlier; many of the company's contracts extend for multiple years. [more ]
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