Arrests in Afghanistan contracting scandal

Two Air Force personnel and three Afghan nationals were arrested over charges that bribes were paid to win contracts for military construction in Afghanistan. Two of the Afghans also resided in the United States. Supposedly a bribe of $30,000 was paid to the US Air Force officials to win a $1 M construction contract in 2004. Another bribe was paid later to win a road contract. Several US military and civilian personnel have been arrested and charged with contract related corruption in Kuwait, Iraq and the United States. With the amount of money going to the efforts in Afghanistan and Iraq there is always a chance for such crime.

There is more at The Wall Street Journal’s MarketWatch.com site.

Military Contractors Report Strong Quarterly Earnings

March 28, 2008 by admin · Comment
Filed under: Northrop Grumman Corp., Syndicated Industry News 
Profits at the aerospace and military contractors Lockheed Martin and Northrop Grumman climbed in the third quarter on strong sales of jet fighters, submarines and mail-sorting machines, the companies said yesterday.