After months of criticism from Democrats in Congress and government auditors for allegedly misspending and overcharging, Halliburton Co. got some good news yesterday.
The giant oil services company announced that a Pentagon review found that its purchasing-system practices "are effective and efficient and provide adequate protection of the Government's interest."
The news came in a letter from the Defense Contract Management Agency to Halliburton subsidiary Kellogg Brown & Root Inc., which has received about $4.5 billion for providing fuel, housing and other troop support in Iraq and Kuwait. "KBR has repeatedly said that its purchasing system provide the flexibility and responsiveness necessary to meet the needs of its customers in a war zone," the company's statement said.
"While expected, this is clearly good news," Andrew R. Lane, president and chief executive officer of KBR, said in a news release.......
http://www.washingtonpost.com/wp-dyn/articles/A9654-2004Sep9.html?nav=rss_politics