Two bits of testimony Prince would come to regret: He said earlier today that Blackwater gets about 90 percent of its business from federal contracts, and he said that, “as an example,” under some of the contracts Blackwater has, it earns about a 10 percent profit margin. But Prince balked at saying how much money Blackwater actually makes in Iraq. Since the beginning of the war, Blackwater has been awarded contracts worth roughly $1 billion. “We’re a private company,” he said. “The key word there is private.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=179718