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March 3, 2021
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Blackwater Investigation
(2008-07-22)
(wgvu) - Blackwater Worldwide says it's moving away
from private security contracts, and focusing instead on other
types of military contracts.
The contracts have earned the company hundreds of millions of
dollars. But Blackwater executives say they've unfairly become a
symbol for all contractors in Iraq. The company says it will no
longer bid on security contracts, though it will continue guarding
U.S. officials in Iraq for the time being.
Its future now lies in training, aviation and logistics areas.
Blackwater has expanded its aviation division, offering airplane
and helicopter maintenance and dropping supplies into hard-to-reach
military bases.
Blackwater founder Erik Prince is a Holland (Michigan) native
whose family fortune was made in the auto parts industry.
Blackwater contractors are under investigation for their
involvement in a shooting in Baghdad in September that left 17
Iraqis dead.
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