KBR Wasted Billions in Work to Support U.S. Troops, Panel Says

[sabra]

Source: Bloomberg

June 10 (Bloomberg) -- KBR Inc. wasted billions of dollars through inefficiencies, lax oversight, and poor management of its contract to support U.S. troops in Iraq and Afghanistan, according to an independent, bipartisan panel.

The contract -- to provide housing, food, laundry, mail delivery and fuel for U.S. troops -- was ultimately worth $31.7 billion, with most of the work being done in Iraq and Kuwait.

“The services could have been delivered for billions of dollars less,” the commission stated. “Substantial evidence supports the view” that KBR’s services “cost too much.”

...

KBR spokeswoman Heather Browne said the company had no immediate response to the report, which was released today at a hearing of the House Oversight and Government Reform’s national security panel.

Read more: http://www.bloomberg.com/apps/news?pid=20601103&sid=attCZ.fVGdWc

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Billions!

[Frisbee]

1. Who is surprised by this???

I hear crickets...

[saigon68]

9. Corporate PIGS swilling at the Public TROUGH

Crickets indeed!!!! :-) :-)

[lyonn]

2. When is this company going to lose those contracts?

Are they still being given to them without any bidding? This is insane.

[hankthecrank]

3. not only wasted money but put troops lives at risk with untreated water

given the contract to supply treated water troops got sewer water instead.

should have to give the money back and spend a little time in jail with sewer water supplied as much as they can hold

[drdtroit]

4. "according to an independent, bipartisan panel."

that wasted how many more hundreds of thousands of dollars for something we all knew 5 years ago.
How is it we became such a fucking immature society????????

[Wednesdays]

5. K&R

:kick:

[badgervan]

6. Since This is Documented...

... why can't we go after this fraud of a company and get that money back? Senator Feingold.... knock, knock.. you there?

[pinniped]

7. Translation, the assholes funneled billions into offshore accounts.

They know all this shit but still, no criminal charges.

These bipartisan panels are fucking useless.

[Solly Mack]

8. Wasted? Snort

More like theft and funnel

[gratuitous]

10. And the administration springs into action!

Dear KBR:

Cut it out, okay?

Sincerely,
Toothless, Snoozing Watchdogs

[ConcernedCanuk]

11. Wow - another "No shit Sherlock!" moment

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[No Elephants]

12. Again, wondering why Americans all over the country are not rioting.