June 11, 2004

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  Controversial Commando Wins Iraq Contract

  
  

  by Pratap Chatterjee, Special to CorpWatch
  June 9th, 2004

  
  

  Occupation authorities in Iraq have awarded a $293 million contract effectively creating the world's largest private army to a company headed by Lieutenant Colonel Tim Spicer, a former officer with the SAS, an elite regiment of British commandos, who has been investigated for illegally smuggling arms and planning military offensives to support mining, oil, and gas operations around the world.

  
  

  Under the "cost-plus" contract, the military will cover all of  the company's expenses, plus a pre-determined percentage of whatever they spend.

  
  

  Industry insiders speculate that Aegis won the contract because of growing anger in Britain that UK-based companies have not been awarded large contracts in the reconstruction of Iraq.

  
  

   

  • 5:30 pm
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