KBR Loses $24.1 Million Bonus Over Green Beret Death

June 9 (Bloomberg) — KBR Inc., the largest contractor in Iraq, lost all of its potential bonus — $24.1 million — for the first four months of 2008 because it was found partly to blame for the accidental electrocution of a Green Beret.

This is the first time KBR lost its entire performance fee since the company won the contract in 2001 to support U.S. troops, Army Contracting Command spokesman Daniel Carlson said.

Houston-based KBR has received orders from this contract totaling $35.7 billion to date. Its profit comes from a base fee of 1 percent and periodic bonuses based on criteria such as quality of work and its control over cost and schedule.

Staff Sergeant Ryan Maseth of the 5th Special Forces Group was electrocuted while showering on Jan. 2, 2008, in part because the shower’s electrical pump wasn’t properly grounded when installed less than two years before, the Pentagon inspector general reported on July 27, 2009.

The report criticized the Army’s oversight of Maseth’s compound, saying his death “was the catastrophic result of the failure of multiple systems exposing U.S. personnel to unnecessary risk.”

Army commanders, the Army contracting command and KBR were all “responsible for the use and physical condition” of the compound, the report said.

“KBR did not ground equipment during installation or report improperly grounded equipment identified during routine maintenance” at the facility starting in February 2006, thereby “perpetuating electrical hazards,” the report found.

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Boo-hoo, KBR (Halliburton subsidiary, Dick Cheney, CIA) lost 24 mil for killing a soldier. That wasn't the first time a soldier got killed taking a shower. Notice how the 24 mil was only a for a 4-month period in 2008, that's only a bump in the road for the amount of contracts their getting with our tax dollars + their side gig of running heroin out of Afghanistan (but that's for black ops). Such a shame for a hero like Ryan Maseth RIP.