Author Topic: Pentagon Contractors Exploring Business with Iran  (Read 187 times)

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Offline flowers

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Pentagon Contractors Exploring Business with Iran
« on: February 25, 2014, 03:01:48 PM »

Multiple companies currently exploring new business ventures in Iran are also cashing in on highly lucrative contracts with the U.S. Defense Department, raising questions about whether their dealings with Iran could run afoul of U.S. law.

At least 13 major international companies have said in recent weeks that they aim to reenter the Iranian marketplace over the next several months. The companies have received Pentagon contracts totaling well over $107 billion, according to a Washington Free Beacon analysis that tracked DoD contracts awarded since fiscal year 2009.

Many of the companies, which include carmaker Renault and oil giants such as BP, have already sent high-level trade delegations to Tehran to meet with Iranian officials about striking new business deals.

Lawmakers, congressional insiders, and other experts expressed shock when presented with the figures detailing billions in taxpayer funds that have gone to companies eager to partner with Tehran.

These companies include Boeing and General Electric—which have DoD contracts worth $87 and $12 billion respectively—as well as the Italian oil company Eni, Merck, Safran, Vitol, Bosch Rexroth, Sanofi Pastuer, and AVL.

Lawmakers say that companies should be forced to choose between doing business with the Pentagon and doing it with Iran.

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