Former Bush admin members new company bids for 10 year $50 bln Iraq/Afghan contract

[sabra]

http://www.theeagle.com/stories/110406/business_20061104041.php

Well-connected firm challenges Halliburton
Associated Press


WASHINGTON - A defense contractor now overseen by a former Bush administration Cabinet secretary is taking on Halliburton Co. by bidding for one of three Army contracts worth up to $50 billion each to provide food and shelter to U.S. troops in Iraq and Afghanistan.

Within days after former U.S. Treasury Secretary John Snow became chairman of the New York hedge fund that owns IAP Worldwide Services Inc., the company submitted its bid for huge Army contracts that will be awarded by year-end.

Cerberus Capital Management LP owns Cape Canaveral, Fla.-based IAP, which is led by former executives from Halliburton subsidiary Kellogg, Brown & Root.

KBR is the Army's sole contractor for providing food and shelter to the military in Iraq and Afghanistan. But the Army wants multiple contractors for these services, and KBR is bidding again. Some defense analysts are predicting that both KBR and IAP, which is run by former KBR executives, will each win one of the 10-year deals that start in 2007.

:wtf: