QandO

March 09, 2004

Halliburton
Posted by Jon Henke

Ahem.....

Halliburton Co., under fire for alleged overcharges on its government contracts in Iraq, reported yesterday that it made an $85 million profit on $3.6 billion in revenue from Iraq work last year.
.....
"The U.S. government has become a major customer of ours," the report said. It noted that government contracts had accounted for about 26 percent of revenue for 2003, up from 10 percent the year before. The Iraq contracts had a 2.4 percent profit margin, Halliburton said.

Underwhelming, isn't it?

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