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What private security firms in Iraq actually do has been shrouded in mystery. Some provide more than just security. Many are involved in military activities. Read More

Asked if rebuilding funds were being spent as Congress intended, the special inspector general said "No," Money had been diverted to security, forcing projects to be scaled back. There has also been evidence of corruption in some U.S.-funded deals. Read More

Among other things, rules reaffirm that it is permissible for contractors--at the discretion of the combatant commander--to carry weapons in war zones such as Iraq. Such provisions are bound to please some headed for work in hostile environments, but they have some companies worried about their legal liabilities. Read More

After more than a year in a Zimbabwean jail 62 black South African mercenaries are due to be released, but freedom will be a bittersweet experience. Embarrassed by the "cesspool of mercenaries" within its midst, the South African authorities have decreed that the dust-blown town of Pomfret must be razed and the inhabitants scattered across the country. Read More

U.S. contractors hit by improvised explosive devices and small arms fire in Iraq are victims of circumstance, and there is little evidence that attacks on U.S. contractors are 'systematic,' says a Pentagon report to Congress. Read More

Top military contractors have about $25 billion to $30 billion in cash sitting in their coffers. Fully, indebted to the government for their revenues resulting form record Pentagon budgets and spending on homeland security, shareholders are happy and stocks are reaching new highs. Read More

A federal judge must decide whether the United States has jurisdiction over the spending of seized Iraqi assets by the Coalition Provisional Authority. His decision weighs in the balance over a court battle accusing the private security firm, Custer Battles, of defrauding about $50 million while working in postwar Iraq. Read More

This week, CorpWatch publishes a special alternative annual report on Halliburton. From bribery, fraud, and corruption in Iraq, to the undermining of US government regulations that protect drinking water at home, we take a closer look at this controversial company's track record in 2004. Read More

They're targeted for shootings, bombings - even beheadings. The cash is good. Really good. One-hundred-thousand-for-six-months-work good. Sometimes, it's even better than that. And that's nothing to scoff at for soldiers who don't make a quarter as much for a full year's work. But worth it for the job they're contracted to do? Read More