Thought I would post this up and get someone on the left spun up for fun.
Also of note, the top 100 list of Federal Contractors has been published. It lists (in terms of $$$ volume contracts won) the top 100 companies for the past year.
Surprisingly, KBR nor Haliburton were listed. With all the yimmer yammering I hear in the news about all these no bid contracts that KBR gets handed to them, they should be at least in the top 10.
http://www.washingtontechnology.com/top-100/2006/
Verizon was in the top 20 though.
HOUSTON ? KBR, the engineering, construction and services subsidiary of Halliburton (NYSE: HAL), addresses below inaccurate reporting regarding the Company?s activities in Iraq included in a soon-to-be-released documentary-style production from Brave New Films.
While we have not seen Brave New Films? privately-funded production regarding civilian contractors in Iraq in its entirety, we can deduce that its content regarding the Company is nothing more than a theory in search of a conspiracy.
Unfortunately, Brave New Films chose not to include detailed, factual information provided by the Company beginning in July 2006 as well as factual information regarding the Company?s work in Iraq which has been publicly available on the Company?s Web site beginning in 2003. Perhaps the production company chose not to include this information because the facts did not support their thesis for the film. Halliburton supports an organization like Brave New Films? right to free speech?even when they have the facts wrong.
The claims alleged against KBR in this film represent yet another recycled rehash of inaccurate information.
Unlike a fictitious place such as Xanadu, the reality of Iraq, regardless of any political opinion or agenda, requires support and dedication that KBR is proud to continue providing to U.S. and coalition forces.
Despite the adversity KBR and its parent company, Halliburton, have faced regarding its military support work, there is no match for the Company?s combination of hard work, commitment and outstanding employees.
KBR has helped the U.S. Military efforts in both Republican and Democratic administrations for more than 60 years and currently is operating in a war zone where decisions are made in minutes, not months, because of the ever changing conditions.
With various media continuing to research KBR?s support to troops in Iraq through the current Logistics Civil Augmentation Program (LOGCAP) contract, KBR offers the following facts:
The LOGCAP III contract was awarded to KBR in December 2001, following an open, competitive bidding process. KBR currently has more than 50,000 employees and subcontractors in Iraq, Kuwait, Afghanistan, Uzbekistan and Djibouti who daily face danger and hostilities to ensure that our troops have the best food, shelter and quality of life possible.
Every potential employee on the LOGCAP III contract receives very specific warnings about the dangers of working in a war zone. Not one of our employees leaves the United States for Iraq without thorough and repeated briefings on the dangers in Iraq. In fact, during the training process, we spend most of our time giving recruits all the reasons they should NOT accept this job. In Iraq, however, we have a situation that is constantly changing. Both the military and our employees have to change with it.
While there has been coverage of an April 2004 convoy attack since its occurrence, KBR?s priority has always been the safety and security of its employees, regardless of where they work around the world. The U.S. military has command and control of all KBR convoys in Iraq, such as supplying pre-trip threat assessments and determining routes, and is required to provide security for KBR's employees through the company's contract with the Army. We cannot comment on matters related to pending litigation other than to say that Halliburton and KBR deny any allegations of wrongdoing and fully intend to vigorously defend our position.
KBR?s work is conducted under extraordinarily hostile conditions, yet our customer has continued to give us outstanding performance ratings for our work. To date under the LOGCAP III contract, KBR has been awarded 46 ratings of ?Excellent,? the highest score possible, and 12 ratings of ?Very Good,? the second highest score possible. This is great news for KBR and validates that our customer is pleased with the work the company is doing to meet the troops' often urgent needs, even while operating in a hostile war zone.
In financial terms, KBR?s margins on Iraq-related revenue have averaged quite low ? 2.2 percent of revenue ? since early 2003 through June 30, 2006.
By all accounts, KBR's logistical achievements in support of the troops in Iraq, Kuwait and Afghanistan have been nothing short of amazing. To date under the LOGCAP III contract, KBR has:
-- Prepared nearly 411 million meals
-- Washed more than 21.7 million bundles of laundry
-- Produced 5.85 billion gallons of water
-- Transported more than 648 million gallons of military fuel
-- Hosted more than 73.5 million patrons in MWR (Morale, Welfare and Recreation) facilities
-- Delivered nearly 205.7 million pounds of mail
-- Logged more than 100 million miles driven in support of the troops, with more than 650 trucks on the road on any given day
Following are links to public press releases and statements regarding KBR?s work in Iraq on the LOGCAP III contract, all of which are available on the Company?s Web site:
Also of note, the top 100 list of Federal Contractors has been published. It lists (in terms of $$$ volume contracts won) the top 100 companies for the past year.
Surprisingly, KBR nor Haliburton were listed. With all the yimmer yammering I hear in the news about all these no bid contracts that KBR gets handed to them, they should be at least in the top 10.
http://www.washingtontechnology.com/top-100/2006/
Verizon was in the top 20 though.
HOUSTON ? KBR, the engineering, construction and services subsidiary of Halliburton (NYSE: HAL), addresses below inaccurate reporting regarding the Company?s activities in Iraq included in a soon-to-be-released documentary-style production from Brave New Films.
While we have not seen Brave New Films? privately-funded production regarding civilian contractors in Iraq in its entirety, we can deduce that its content regarding the Company is nothing more than a theory in search of a conspiracy.
Unfortunately, Brave New Films chose not to include detailed, factual information provided by the Company beginning in July 2006 as well as factual information regarding the Company?s work in Iraq which has been publicly available on the Company?s Web site beginning in 2003. Perhaps the production company chose not to include this information because the facts did not support their thesis for the film. Halliburton supports an organization like Brave New Films? right to free speech?even when they have the facts wrong.
The claims alleged against KBR in this film represent yet another recycled rehash of inaccurate information.
Unlike a fictitious place such as Xanadu, the reality of Iraq, regardless of any political opinion or agenda, requires support and dedication that KBR is proud to continue providing to U.S. and coalition forces.
Despite the adversity KBR and its parent company, Halliburton, have faced regarding its military support work, there is no match for the Company?s combination of hard work, commitment and outstanding employees.
KBR has helped the U.S. Military efforts in both Republican and Democratic administrations for more than 60 years and currently is operating in a war zone where decisions are made in minutes, not months, because of the ever changing conditions.
With various media continuing to research KBR?s support to troops in Iraq through the current Logistics Civil Augmentation Program (LOGCAP) contract, KBR offers the following facts:
The LOGCAP III contract was awarded to KBR in December 2001, following an open, competitive bidding process. KBR currently has more than 50,000 employees and subcontractors in Iraq, Kuwait, Afghanistan, Uzbekistan and Djibouti who daily face danger and hostilities to ensure that our troops have the best food, shelter and quality of life possible.
Every potential employee on the LOGCAP III contract receives very specific warnings about the dangers of working in a war zone. Not one of our employees leaves the United States for Iraq without thorough and repeated briefings on the dangers in Iraq. In fact, during the training process, we spend most of our time giving recruits all the reasons they should NOT accept this job. In Iraq, however, we have a situation that is constantly changing. Both the military and our employees have to change with it.
While there has been coverage of an April 2004 convoy attack since its occurrence, KBR?s priority has always been the safety and security of its employees, regardless of where they work around the world. The U.S. military has command and control of all KBR convoys in Iraq, such as supplying pre-trip threat assessments and determining routes, and is required to provide security for KBR's employees through the company's contract with the Army. We cannot comment on matters related to pending litigation other than to say that Halliburton and KBR deny any allegations of wrongdoing and fully intend to vigorously defend our position.
KBR?s work is conducted under extraordinarily hostile conditions, yet our customer has continued to give us outstanding performance ratings for our work. To date under the LOGCAP III contract, KBR has been awarded 46 ratings of ?Excellent,? the highest score possible, and 12 ratings of ?Very Good,? the second highest score possible. This is great news for KBR and validates that our customer is pleased with the work the company is doing to meet the troops' often urgent needs, even while operating in a hostile war zone.
In financial terms, KBR?s margins on Iraq-related revenue have averaged quite low ? 2.2 percent of revenue ? since early 2003 through June 30, 2006.
By all accounts, KBR's logistical achievements in support of the troops in Iraq, Kuwait and Afghanistan have been nothing short of amazing. To date under the LOGCAP III contract, KBR has:
-- Prepared nearly 411 million meals
-- Washed more than 21.7 million bundles of laundry
-- Produced 5.85 billion gallons of water
-- Transported more than 648 million gallons of military fuel
-- Hosted more than 73.5 million patrons in MWR (Morale, Welfare and Recreation) facilities
-- Delivered nearly 205.7 million pounds of mail
-- Logged more than 100 million miles driven in support of the troops, with more than 650 trucks on the road on any given day
Following are links to public press releases and statements regarding KBR?s work in Iraq on the LOGCAP III contract, all of which are available on the Company?s Web site:
