Blackwater or Xe ... it's for sale, page 1

Blackwater or Xe ... it's for sale

triangle.bizjournals.com

The company, based near the North Carolina coast in Moyock and formerly known as Blackwater, has announced that it is pursuing a sale.

The private company, which provides guards and services to the U.S. Government, has faced a mountain of criticism in recent years over incidents in Iraq in which dozens of people were killed. The company changed its name and worked to improve its image to little avail.

Read more: Blackwater or Xe ... it’s for sale - Triangle Business Journal

"Performance doesn't matter in Washington, just politics," company founder Erik Prince said in a statement.

It is expected to take several months to find a buyer. The offering comes months after Xe sold its aviation division for $200 million to Wood Dale, Ill.-based AAR Corp.

What to think of this. I've never been able to get used to idea of private armies, but the fact remains that the US is dependent on services of contractors as well as the trouble they bring along.

It is interesting to read their dissatisfaction with Washington: "Performance doesn't matter in Washington, just politics," What is he implying? That his squads should be allowed to operate with no ROE in order to perform optimally? There have already been more than enough scandals involving the butchers of Xe.

Meanwhile, the mercenary business remains booming: How many average Americans are aware that while troop numbers come down, contractor numbers go up?

I guess they use cheaper competitors of Xe who use poor Africans for the dirty job: Exploitation of Africans in Iraq

triangle.bizjournals.com
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[edit on 10-6-2010 by Mdv2]