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Pentagon to End Multi-Billion Halliburton Contract

HeadlineJul 12, 2006

In other Iraq news, the Washington Post is reporting the Pentagon is discontinuing its multi-billion dollar logistics contract with Halliburton. The decision will affect most of Halliburton’s operations in Iraq. The company has come under intense scrutiny for its close ties to the Bush administration and a series of well-publicized accusations of incompetence, corruption and fraud. Government audits of Halliburton’s Iraq services have found more than $1 billion in questionable costs. No company has been awarded more money in contracts from the Iraq war. Halliburton pulled in over $7 billion last year and is expected to make at least $4 billion this year.

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