The 25 Most Vicious Iraq War Profiteers
6. International American Products
Even with all of the blinding innovation and trailblazing advances in military technology, none of it would be very useful without electricity. Running electrical wiring in hostile war zones is dicey business, but International American Products has stuck their neck out and collected a cool $759 million in just 3 years for its efforts. While avoiding enemy fire, their work has become increasingly dangerous – and yet, critically necessary – as Coalition forces struggle rebuild cities, put down warring forces, and stabilize the chaotic nation. Schools, oils wells, and other public infrastructure have relied on IAP for the electricity needed to operate. With Iraq slowly beginning to stabilize, International American Products is holding out hope that its job will eventually become less treacherous.
London-based Erinys has so far scored $136 million for its effort in securing Iraq’s precious oil reserves. Riding the coattails of its considerable mining, petroleum, and construction expertise, the company has already made considerable headway toward this critically important goal. In the space of just 16 months, Erinys successfully trained, equipped, and mobilized an all-Iraqi guard force of nearly 20,000 to protect the nation’s oil pipeline from terrorist attack or sabotage. With crude oil prices skyrocketing and no end in sight, Erinys looks to have its hands full for years to come.
Fluor scored a monster $1.1 billion contract in 2004 to build, service, and manage water/sewage systems in Iraq. The deal is actually a joint venture between Fluor (a 44,800 employee company based on Aliso Viejo) and London’s AMEC, PLC and actually encompasses two separate contracts. The first – worth $600 million – obligates Fluor to build a water distribution infrastructure and cleaning system for Iraq’s major cities. A second $500 million deal will have the lucrative joint venture performing similar tasks in other, less hostile regions of the country.
Perini (controlled by financier Richard Blum) is one of the more controversial companies to have scored big-time Iraq war money. That’s because Blum’s wife, Senator Dianne Feinstein, appears to have used her seat on the Military Construction Appropriations subcomittee to steer the $650 million environmental cleanup deal in his favor. This has lead to outrage and cries for conflict of interest investigations among those in the media, as well as Feinstein’s peers in Congress. Feinstein has also neglected to comment on this potential conflict of interest. This has lead to what Metroactive.com calls an “omission [that] has called her ethical standards into question.”
10. URS Corporation
Another widely disparaged, Blum-controlled company that has profited from Iraq is URS Corporation. Long known as one of the nation’s major defense contractors, San Francisco-based URS has collected $792 million in environmental cleanup fees in Iraq war zones. As with Perini, both Blum and Feinstein have come under intense scrutiny to answer questions about the apparent conflict of interest inherent in Feinstein helping to secure such an exorbitant government contract for her investment banker husband. Both Blum and Feinstein have refused to produce copies of the ethics commitee’s rulings on Perini and URS, leading to considerable suspicion.