Saturday, April 09, 2005

U.S. army pays Halliburton US$1.18 billion for dining services overseas

Business Centre - network

WASHINGTON (AP) - The U.S. army will pay $1.8 billion US to Kellogg Brown & Root, a subsidiary of Halliburton Co., for dining services in Iraq and Kuwait but retain a portion of payments suspended during a long-running billing dispute...

...In its press release Tuesday, Houston-based Halliburton said it had reached definitive agreements on $10.5 billion in army troop support contracts besides the agreement with the army on the dining services issues.