They Got Rich From the Iraq War 😳

TL;DR

Halliburton and its subsidiary KBR earned over $39.5 billion from Iraq War contracts, enabled by Dick Cheney's political connections and awarded without competitive bidding.

Key Points

• 1.Halliburton and KBR were the largest corporate beneficiaries of post-9/11 wars. KBR received at least $39.5 billion in Iraq War federal contracts, and by 2008, both companies had earned over $30 billion just for Pentagon logistics work under the LOGCAP contract.
• 2.Dick Cheney created the conditions for Halliburton's windfall. He initiated military service privatization as Secretary of Defense in the early 1990s, gave Halliburton the contract to develop the model, then served as Halliburton's CEO from 1995–2000 before becoming Vice President under Bush.
• 3.Halliburton massively overcharged the government while delivering substandard work. The Defense Contract Audit Agency flagged major billing deficiencies, the Pentagon's Inspector General launched a criminal investigation into fuel overcharging, and most contracts were awarded without competitive bidding.