Sunday, November 25, 2007

US War Contracts Top $25 Billion: Study

US contracts in Iraq and Afghanistan more than doubled from 2004 to 2006 to over 25 billion dollars but government oversight of the firms involved has slackened, a watchdog group said Monday.

“While the billions of dollars involved and the complexity of these war-related contracts has only grown, the lack of oversight has been staggering,” said Bill Buzenberg, head of the Center for Public Integrity.

The study by the independent center said government outsourcing for the two war theaters was marred by issues such as a lack of competitive bidding, missing contracts and unidentified companies.

The construction and services company KBR, formally known as Kellogg, Brown and Root and a subsidiary of oil-services giant Halliburton until April, topped the list with more than 16 billion dollars in US contracts from 2004 to 2006.

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