Tag Archives | Defense Contractors

NSA Contractor Booz Allen Hamilton Has Made $2 Billion For The Carlyle Group

booz allen hamiltonWondering what the deal is with Booz Allen Hamilton, the defense contractor for which NSA whistle-blower Edward Snowden worked? Well, for starters, since 2008, it’s been owned by global investment firm the Carlyle Group, to which both the Bush and bin Laden families were connected, Forbes reports:

In 2008, the Carlyle Group made a large $910 million investment to buy a majority stake in Booz Allen’s government consulting business.

Washington-based Carlyle, which has a long and successful history doing deals involving government contractors, has really made the Booz Allen deal work. The private equity firm has made $2 billion in realized and unrealized profits on the Booz Allen Hamilton deal so far. Its $910 million investment is now worth $3 billion.

There was a time when Carlyle’s ties to the government made the private equity giant a target of conspiracy theories, but the firm has worked hard and successfully to improve its image and limit its connections to the government.

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U.S. Homeland Security Buys 450 Million Hollow-Point Bullets

TacticalHSTPistolIs the U.S. Government expecting domestic insurrection? From Business Insider:
The Department of Homeland Security (DHS) and its Immigration and Customs Enforcement (ICE) office is getting an "indefinite delivery" of an "indefinite quantity" of .40 caliber ammunition from defense contractor ATK. U.S. agents will receive a maximum of 450 million rounds over five years, according to a press release on the deal. The high performance HST bullets are designed for law enforcement and ATK says they offer "optimum penetration for terminal performance." This refers to the the bullet's hollow-point tip...
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