Tuesday, July 22, 2008

Blackwater plans shift from security business

Blackwater plans shift from security business - Marine Corps News, news from Iraq - Marine Corps Times: "Blackwater Worldwide said Monday that it planned a shift away from the security contracting business that earned it millions of dollars and made it a flash point in the debate over the use of security contractors in war zones.

“The experience we’ve had would certainly be a disincentive to any other companies that want to step in and put their entire business at risk,” company founder and CEO Erik Prince told The Associated Press during a daylong visit to the company’s North Carolina compound.

Blackwater executives say they have unfairly become a symbol for all contractors in Iraq and thus the company is a target for those opposed to the war. It will continue guarding U.S. officials in Iraq but its future will be focused on training, aviation and logistics."

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