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KBR: Dirty Water, Dirty Deals

A hundred years from now (maybe longer if John McCain is elected president), when the history of the Iraq war finally is written, students will want to know how KBR Inc. got away with with war profiteering.

How did this firm, whose employees have time and again been hauled into court and accused of fraud by government inspectors, continue to prosper? And prosper it has: After being spun off in April 2007 by Halliburton, its former parent company, KBR took in $8.75 billion in revenue for the year, of which $520 million was profit.

Not bad for government work.