Defense Contractor

Professional Overseas Contractors - www.Your-POC.com
MEMPHIS, TENN. — Federal prosecutors say a U.S. contractor who worked in Iraq has pleaded guilty to filing a false tax return. The U.S. attorney’s office in Memphis says 44-year-old Darrin Albert Searle entered the guilty plea eariler this week. He is scheduled to be sentenced on May 29. According to facts revealed in documents and in court, Searle failed to disclose $618,186 of income he received through kickbacks while working as a government contractor in Iraq in 2007.

Searle had been required to file amended returns and pay all relevant taxes, interest and penalties. The case was investigated by the Special Investigator General for Iraq Reconstruction, the Department of the Army’s Criminal Investigative Division and Internal Revenue Service Criminal Investigations.

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Professional Overseas Contractors - www.Your-POC.com
CONTRACTOR SUPPORT OF U.S. OPERATIONS IN THE USCENTCOM AREA OF RESPONSIBILITY TO INCLUDE IRAQ AND AFGHANISTAN

BACKGROUND: This report updates DoD contractor personnel numbers in theater and outlines DoD efforts to improve management of contractors accompanying U.S. forces. It covers DoD contractor personnel deployed in Afghanistan (Operation Enduring Freedom (OEF)); Iraq; and, the U.S. Central Command (USCENTCOM) area of responsibility (AOR).

KEY POINTS: In 1st quarter FY 2014, USCENTCOM reported approximately 99,057 contractor personnel working for the DoD in the USCENTCOM AOR. This total reflects a significant decrease from the previous quarter. The numbers of contractors in other USCENTCOM locations make up about 17.9% of the total contractor population in the USCENTCOM AOR. A breakdown of DoD contractor personnel is provided below

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Professional Overseas Contractors - www.Your-POC.com
While total revenues for the Defense News Top 100 are up +3%, defense-related revenues are down -3%. This is the second year of declining defense-related revenues. This revenue paradox for defense contractors is emblematic of a trend toward diversification toward commercial markets.

In 2013, Waltham-based defense giant Raytheon Co. secured 1,713 contracts valued at $3.3 billion; American Science and Engineering Inc. received 1,067 valued at $500M. But defense contractors in Massachusetts, the region and across the nation are bracing for budget reductions in the United States and elsewhere which will affect profits this fiscal year.

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