REPORT LISTS MAJOR WAR PROFITEERS

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PROJECT ON GOVERNMENT OVERSIGHT - The nonprofit watchdog journalism
organization the Center for Public Integrity published "Windfalls of War
II." Here are some of the Center's key findings:

- U.S. government contracts for the reconstruction of Iraq and
Afghanistan have grown more than 50 percent annually, from $11 billion
in 2004 to more than $25 billion in 2006. "Iraq remains the clear
priority of the U.S. government," according to the Center, "with more
than seven times as many contracting dollars designated for spending
there as for Afghanistan."

- Of the $13 billion awarded through cost-plus contracts (which
guarantee the vendor either a fixed amount of profit or a set percentage
of profit above its cost), 30 percent was awarded through simple
cost-plus, fixed-fee arrangements that offer no incentives for cost
savings.

- Former Halliburton subsidiary KBR, Inc. is the largest single
contractor with $16 billion in contracts from 2004 to 2006, nearly nine
times larger than the second largest contractor, DynCorp International.
However, KBR's share is eclipsed by the $20.4 billion awarded to
"unidentifiable foreign entities."

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