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Blackwater for Sale

* By Jeremy Scahill The Nation *

After nearly a decade of working overtly and covertly for the US government across the globe, the infamous mercenary firm Blackwater is apparently for sale. The company made the announcement in a brief statement Monday followed by an even briefer statement from the company’s owner, Erik Prince. “Performance doesn’t matter in Washington, just politics,” Prince said.

Blackwater’s statement does not make clear if all of Blackwater’s various entities are up for sale or just its security and training business, which currently operates under the names Xe Services and the US Training Center. Prince also owns a private intelligence company, Total Intelligence Solutions, an off-shore mercenary operation, Greystone Limited, a construction company, Raven Development and Paravant, which has been used as a shell company to win training contracts in Afghanistan. Prince sold his aviation division earlier this year for $200 million.

In announcing Blackwater was for sale, the company stated Monday: “Xe’s new management team has made significant changes and improvements to the company over the last 15 months, which have enabled the company to better serve the U.S. government and other customers, and will deliver additional value to a purchaser.”

The most interesting aspect of this story is what will happen to Blackwater’s clandestine/covert work for the CIA and the Joint Special Operations Command. The OGA (Other Government Agency) division of Blackwater has gone by different names over the years. Among these are: Blackwater SELECT, Blackwater PTC and, most recently XPG. It was this division of the company that Blackwater used for its role in the US drone bombing campaign.

Read more at The Nation

Short URL: http://www.veteranstoday.com/?p=35119

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Posted by on Jun 8 2010, With 0 Reads, Filed under Economy, Investing & Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
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