Halliburton Now Says It Will Not Get Extension From Army
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The company said today that the United States Army had decided not to grant it additional time to substantiate its costs in Iraq and Kuwait.
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NEW YORK, August 18 (New Ratings)  The Halliburton Company (HAL.NYS) has reportedly gained more time to justify its bills to the US Army, regarding the company&#39;s contract to provide logistic services to the US troops in Iraq.
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News Item: &quot;The US Army has threatened to partially withhold payments to Halliburton due to allegations of overcharges for food, shelter and services.&quot; ...
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The U.S. Army should withhold some future payments to Halliburton  for work in Iraq due to billing disputes, a government auditor said on Wednesday, a move that could cost the contractor tens of millions of dollars.
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The U.S. Army had granted Halliburton a third extension to substantiate its costs in Iraq and Kuwait.
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The Army will not shorten combat tours in Iraq next year from 12 months to six or nine months, as some had hoped, because that would undermine the war effort, the Army's top general said Tuesday.
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Halliburton Co. on Tuesday blamed politics for a US Army decision to not grant the company more time to resolve a billing dispute in which the Pentagon contends the company did not adequately account for some $1.8 billion of work done in the Middle East.
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The Army should withhold nearly $90 million in payments to Halliburton because the politically connected firm can&#39;t justify what it charged America&#39;s temporary government in
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The Pentagon backed off its threat to withold its monthly payment of about $60 million a month from a Halliburton subsidiary, which provides services for troops.
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The U.S. Army will withhold payment on 15 percent of future invoices of Halliburton Co.'s (HAl.N) logistics deal in Iraq due to an ongoing billing dispute, the company and the U.S. military said on Tuesday.
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Halliburton Co. on Tuesday said the US Army will withhold payments of 15 percent of future bills, apparently backtracking on an earlier deal.
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The US Army will withhold payment on 15 percent of future invoices of Halliburton Co.&#39;s (HAl.N: Quote, Profile, Research) logistics deal in Iraq due to an ongoing billing dispute, the company and the US military said ...
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The U.S. Army plans within months to break up Halliburton Co.'s contract to provide support services for U.S. troops in Iraq -- valued at up to &#36;13 billion -- and open the work to competitive bids, the Wall Street Journal said on Tuesday, citing an internal Army memorandum.
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Halliburton Co., accused of  overcharging on its contract in Iraq, on Tuesday said it may  decide not to submit new bids for the business if the U.S.  military divides up the work too deeply.
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The company said today that the U.S. Army had decided not to grant it additional time to substantiate its costs in Iraq and Kuwait.
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The U.S. Army plans within months to  break up Halliburton Co.'s contract to provide support services  for U.S. troops in Iraq -- valued at up to $13 billion -- and  open the work to competitive bids, the Wall Street Journal said  on Tuesday, citing an internal Army memorandum.
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An Army National Guard sergeant  who sued the U.S. military over the forced extension of his  service dropped the lawsuit after learning he would not have to  return to Iraq, officials said on Wednesday.