From CBS News:

Halliburton’s $400M Iraq Payday
(AP) The Army has given a Halliburton Co. subsidiary more than $425 million in troop support work related to the Iraqi war in the past 14 months, using an exclusive contract that Vice President Dick Cheney’s former company won in 2001.

The previously undisclosed work, awarded without competitive bids, is in addition to the $71.3 million that Halliburton’s subsidiary, Kellogg Brown & Root, has received from the Army Corps of Engineers in no-bid contracts to repair and operate oil wells in Iraq.

Rep. Henry Waxman, D-Calif., who disclosed the troop support work orders Thursday, said the structure of exclusive contract means that “the amount that Halliburton could receive in the future is virtually limitless.”

“It appears that many, if not all, the task orders under the contract were awarded without any competition,” Waxman said in a letter to Acting Army Secretary Les Brownlee. “This type of arrangement poses inherent risks to taxpayers … It is unclear what safeguards, if any the Army is using to prevent excessive charges to the government.”
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Can’t be bad, anyone else fancy a government blank check, we can fill our own amounts we ‘deserve’ in :-)

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