GengisKhant
4th Apr 2006, 10:26
A total of 61 British companies are identified as benefiting from at least £1.1 billion of contracts and investment in occupied Iraq since the US-led invasion.
The Iraqi insurgency means private security companies (PSCs) or private military companies (PMCs) are in great demand, and it is the one area where British firms are on a par with their US equivalents. There are between 20,000 and 30,000 security personnel working in Iraq, half of whom are employed by companies run by retired senior British officers and at least two former defence ministers.
The biggest British outfit, Aegis—run by Tim Spicer, the former British army lieutenant colonel who founded the PMC Sandline—has a workforce the size of a military division and may rank as the largest corporate military group ever assembled. It has made more than £246 million from a three-year contract with the US Pentagon to coordinate military and security companies across Iraq.
Other private security/military companies have sprung up almost overnight to protect British and American interests. Among the highest grossing UK corporations Iraq is the construction firm Amec, which has made an estimated £500 million from a series of contracts restoring electrical systems and maintaining power generation facilities since 2004. Another PMC, Erinys, has amassed more than £86 million, a substantial portion from the protection of oilfields.
GengisK :ok:
The Iraqi insurgency means private security companies (PSCs) or private military companies (PMCs) are in great demand, and it is the one area where British firms are on a par with their US equivalents. There are between 20,000 and 30,000 security personnel working in Iraq, half of whom are employed by companies run by retired senior British officers and at least two former defence ministers.
The biggest British outfit, Aegis—run by Tim Spicer, the former British army lieutenant colonel who founded the PMC Sandline—has a workforce the size of a military division and may rank as the largest corporate military group ever assembled. It has made more than £246 million from a three-year contract with the US Pentagon to coordinate military and security companies across Iraq.
Other private security/military companies have sprung up almost overnight to protect British and American interests. Among the highest grossing UK corporations Iraq is the construction firm Amec, which has made an estimated £500 million from a series of contracts restoring electrical systems and maintaining power generation facilities since 2004. Another PMC, Erinys, has amassed more than £86 million, a substantial portion from the protection of oilfields.
GengisK :ok: