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Companies team for technologies
WASHINGTON, Sept. 7 (UPI) -- The U.S. Army has decided to break up a $13 billion contract in Iraq it has with the Halliburton company and put it up for bids.
The contract provides support services for U.S. troops in Iraq and Kuwait, including housing, dining halls, transportation and laundry through the company's Kellogg Brown & Root unit.
U.S. Defense Department officials said the plan to rebid the contract was not meant to penalize Halliburton, but rather to find greater efficiencies by parceling the work out to a wider range of companies, the Wall Street Journal said.
The contract has been difficult for the company, eating up capital while its KBR unit is in bankruptcy proceedings. Through the end of June, the Houston company had spent $1.1 billion on the logistics contract and other, smaller contracts.
U.S. Vice President Dick Cheney was the company's chief executive from 1995 until 2000, which has made the company a popular target for Democrats, the newspaper said.
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