IAP Worldwide Services, Inc., is challenging Halliburton for part of the military contract—reportedly worth up to $50 billion—to provide food and shelter to U.S. troops in Iraq and Afghanistan. IAP is owned by the investment firm Cerberus Capital Management LP, which is led by former U.S. Treasury Secretary John Snow as chairman and also includes former executives from Halliburton subsidiary Kellogg, Brown & Root (KBR) as top executives. KBR currently holds the sole contract, which the ...
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