While dozens of U.S. corporations have received contracts for reconstruction work in Iraq, the seven largest contracts went to:
Parsons Corporation of Pasadena, CA ($5.3 billion);
Fluor Corporation of Aliso Viejo, CA ($3.75 billion);
Washington Group International of Boise, ID ($3.1 billion);
Shaw Group of Baton Rouge, LA ($3 billion);
Bechtel Corporation of San Francisco, CA ($2.8 billion);
Perini Corporation of Framingham, MA ($2.5 billion);
Contrack International, Inc. of Arlington, VA ($2.3 billion).
Let's not forget Halliburton and the $10.8 billion (2004) the company billed the Pentagon for logistics work in the Middle East.
By comparison UK companies are small potatoes:
TOP TEN UK COMPANIES
1. AMEC Ģ500m (approx)
www.amec.com/
Construction
Subcontractor on $154m Fluor contract to restore electrical power systems (Feb 2004)2
Joint contract with Fluor to 'provide design-build services for construction, rehabilitation,
operation, and maintenance of power generation facilities' $500m from USAID (March 11
2004)3
Joint contract with Fluor to 'provide design-build construction services for water resource
projects in the northern and southern regions of Iraq' $500m and $600m from USAID
(March 11 2004)4
Unknown sum from Centcom contract;5
'Federal spending in Iraq has helped Amec make a positive start to 2005.' (May 2005)6
2. Aegis Ģ246.5m+
www.aegisworld.com/
Private security
Three-year $430m Pentagon contract to coordinate military/security companies in Iraq: 'a workforce the size of a military division; and may rank as the largest corporate military ever assembled' (June 2004, extended by another year in 2005).'7
Turnover of Aegis has gone from Ģ554,000 (2003), to Ģ62m (2005); three-quarters of this from work in Iraq.8
3. Erinys Ģ86m+
www.erinysinternational.com/
Private security
$50m from US Army Corps of Engineers. $100m to protect oil fields (2003 to December 2004)9
4. Petrel Resources (Anglo-Irish) Ģ56.6m
www.petrelresources.com/
Petroleum
5. HSBC Ģ36.88m (stake in Dar es Salaam bank)
www.hsbc.com/
Financial
Has bought 70% of Dar es Salaam Investment Bank, (which has assets of $91.1m)12. HSBC share is therefore Ģ36,881,225. HSBC profit from Middle East business rose 25% in 2004.13
6. Cummins UK Ģ25.8m+
www.cummins.com/eu/pages/en/distributors/uk/index.cfm
Power
$45m from sale of power stations.14 'To date we have supplied four power stations: 2MW for the Forum in Baghdad, 4MW for the El Rasheed Hotel (USAID), 5MW for the airport and 8MW for the US army.'
7. PB Power Ģ24.88m
www.pbworld.com/
$43.4 'Provide program management office support for the electrical services sector'
(March 10 2004).15
8. Control Risks Ģ23.5m+
www.crg.com/
Private security
Unknown proportion of $500m; subcontractor for Parsons USAID buildings contract.16
(March 2004)
Ģ23.5m from UK government for protection squads; figure disputed by CR (March 2004)17
'one of the largest British PSCs in Iraq'18; 2004 turnover Ģ80m19. Has over 250 personnel in Iraq (June 2005)20.
9. MerchantBridge Ģ22.07m (capitalisation)
www.mbih.com
Financial 'lead advisor' to Iraq Ministry of Industry and Minerals for factory lease programme (Jan
2004)21
Launched Mansour Bank (Sep 2005), capitalised at $38.5m; 90% from Iraqi investors.22
10. Global Risk Strategies Ģ15.4m (at least)
www.globalrisk.uk.com/
Private security
Has 2,000 staff in Iraq.23 Received $27m contract to distribute new Dinar (May 2004).24
Guarded part of Baghdad airport (May 2004).25