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Blackwater Awarded Millions in Small Business Contracts

HeadlineJul 29, 2008

A government audit has found the private military company Blackwater has obtained dozens of contracts meant for small businesses. The Inspector General of the Small Business Administration says Blackwater was awarded $110 million in small business contracts despite uncertainty over whether it qualifies as a “small business.” From 2005 to 2007, Blackwater was awarded thirty contracts intended for companies with revenues under $6.5 million. Blackwater’s revenues exceeded $200 million for each of those years.

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