Army awards lucrative contract to KBR for Iraq work‏

By KIMBERLY HEFLING and RICHARD LARDNER (AP) – 6 hours ago

WASHINGTON — Military authorities say defense giant KBR Inc. has been awarded a contract potentially worth $2.8 billion for work in Iraq as U.S. forces continue to leave the country.

KBR was notified of the award Friday, a day after the company told shareholders it lost about $25 million in award fees because of flawed electrical work in Iraq.

The Houston-based company was charged with maintaining the barracks where a Green Beret was electrocuted in 2008 while showering.

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