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Cost of the War in Iraq
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Abu Ghraib Abuse Video

Abu Ghraib Abuse Photos



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CIA's FAKE KIDNAPPING?



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Reuters
Lockheed top US arms firm, Halliburton makes list
Wednesday February 11, 7:00 pm ET
http://biz.yahoo.com/rc/040211/arms_contractors_1.html
WASHINGTON, Feb 11 (Reuters) - Lockheed Martin Corp. (NYSE:LMT - News) was the biggest U.S. defense contractor again in fiscal 2003, while Halliburton Corp.\'s (NYSE:HAL - News) work in Iraq secured it a first-time spot in the \"Top 10\" list, the Defense Department said on Wednesday.

Halliburton, the Texas-based oil services firm once run by Vice President Dick Cheney, jumped to seventh on the Pentagon\'s annual list in fiscal 2003 from No. 37, with prime contract awards totaling $3.9 billion compared with $500 million a year earlier, the Pentagon said.

Halliburton, which won a huge share of the work in rebuilding Iraq after the U.S. war last year, is under government investigation for its handling of several big U.S. contracts.

Bethesda, Maryland-based Lockheed Martin, long the industry leader, won $21.9 billion worth of prime contracts in the year ended Sept. 30, up from $17 billion in fiscal 2002, the Pentagon\'s annual list of its top 100 suppliers showed.

Lockheed makes the F-16 fighter, Aegis naval warfare system, and Titan 4 and Atlas 5 rockets. In October 2001, Lockheed beat Boeing to develop the F-35 Joint Strike Fighter, which is expected to cost more than $200 billion, the biggest warplane program in history.

For the year, Defense Department prime contracts totaled $209 billion, $28.2 billion more than in fiscal 2002.

Chicago-based Boeing Co. (NYSE:BA - News) maintained its spot as the No. 2 supplier to the U.S. military with $17.3 billion in prime awards in 2003, up from $16.6 billion in 2002.

Los Angeles-based Northrop Grumman Corp. (NYSE:NOC - News) ranked third again in fiscal 2003, with $11.1 billion in prime contracts, compared to $8.7 billion in 2002.

Falls Church, Virginia-based General Dynamics Corp. (NYSE:GD - News) edged Raytheon Co. (NYSE:RTN - News) out of fourth place, grabbing $8.2 billion in prime contracts, up from $7 billion in fiscal 2002.

Waltham, Massachusetts-based Raytheon Co. (NYSE:RTN - News) dropped to fifth place with $7.9 billion in prime contracts, despite a rise in contracts from $7 billion in 2002.

United Technologies Corp. (NYSE:UTX - News) of Hartford, Connecticut, maintained its spot as sixth on the Top 10 list with $4.5 billion in prime contracts, up from $3.6 billion in 2002.

General Electric Co. (GE.N.) ranked eighth with contracts valued at $2.8 billion followed by employee-owned Science Applications International Corp. of San Diego, with $2.6 billion in awards, with Computer Sciences Corp. (NYSE:CSC - News) grabbing 10th place with $2.5 billion.

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Time2004-02-12 18:06:23
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