Despite reports of the economy in Iraq rebounded after years of conflict the Iraqi dinar contractors brought back with them brought back with them during LOGCAP III & IV is pretty much worthless. According to some sources the Dinar has no chance of significant appreciation. The main reason is because of the political uncertainty — who would invest […]
The Russian cabinet has rejected a bill regulating the work of private military companies because of legal weaknesses and security fears, Izvestia reports, citing the author of the document. The main sponsor of the bill, MP Gennady Nosovko of the center-left party Fair Russia was disappointed at its rejection. However, he has promised to rework […]
The Overseas Contingency Operations (OCO) fund - sometimes referred to as war funds - is a separate pot of funding operated by the Department of Defense and the State Department, in addition to their "base" budgets (i.e., their regular peacetime budgets). Originally used to finance the Iraq and Afghanistan wars, the OCO continues to be a source of […]
McLean services contractor DynCorp International is set to lay off nearly 400 employees after losing an Air Force contract that it has served on for 35 years, the company said. Under the contract, DynCorp provided ground support equipment maintenance for the Navy’s Fleet Readiness Center in Solomons, Md. “DynCorp was not awarded the task order. This […]
Department of Justice (DoJ) — The former president of a defense contractor providing services to the U.S. military in Iraq was sentenced today to 12 months and one day in prison for his role in a scheme to pay more than $1.2 million in bribes to U.S. Army contracting personnel in exchange for being awarded […]