UPDATE 3-US Army to rebid huge Halliburton contract
Source: By Will Dunham, Reuters, Wed Jul 12, 2006 6:37 PM ET
The U.S. Army said on Wednesday it will end a Halliburton Co. unit's multibillion-dollar contract to provide logistical support to soldiers in Iraq and other parts of the globe, and will rebid the contract later this year. ...... KBR has gotten orders worth $17.1 billion since the start of the contract, including about $15.4 billion in Iraq, according to Army figures. "The termination of Halliburton's contract is long overdue. Taxpayers can breathe easier knowing that the days of $45 cases of soda and $100 bags of laundry are coming to a close," said Rep. Henry Waxman, top Democrat on the House of Representatives Government Reform Committee.