Monday, February 27, 2006

Account-a-what-ity?

Army to pay KBR for most disputed Iraq costs: NYT

NEW YORK (Reuters) - The U.S. Army has decided to reimburse a Halliburton Co. subsidiary for nearly all of the $263 million in disputed costs over a contract to deliver fuel and repair oil equipment in
Iraq, the New York Times reported on Monday.

Citing Army officials, the Times said the military had decided to pay Halliburton engineering and construction unit Kellogg Brown & Root (KBR) all but $10 million of the costs which Pentagon auditors had identified as potentially inflated or unsupported by documentation.

Halliburton, formerly led by Vice President Dick Cheney, has been criticized for its work in Iraq, particularly for some contracts awarded on a "no-bid" or noncompetitive basis.

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