A Deal So Good It Could be Illegal
Submitted by Judith Siers-Poisson on
Former Congressman Curt Weldon's employer Defense Solutions got a good deal in Iraq. So good, that "the deal, for decades-old, equipment, included terms so lopsided, they likely would have been illegal under U.S. law." Defense Solutions got a contract with the Iraqi government in 2005 to refurbish obsolete Soviet-era Hungarian tanks. While U.S. law would dictate that the company's fee be tied to performance, Defense Solutions' contract not only ensures payment, it also gives them a percentage of the total cost.

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