Early Briefing: Replacing Blackwater

The decision not to renew the Iraq security contract of Blackwater Worldwide, now known as Xe, when it expires in early May has left the State Department scrambling to fill a protection gap for U.S. diplomats and civilian officials there. DynCorp International of Falls Church and Triple Canopy of Herndon, which have far smaller presences in Iraq, have been asked to replace the ousted company, according to State Department and company officials. To meet time, training and security-clearance pressures, officials said, one or both of the firms are likely to undertake the task by rehiring some personnel now working for Blackwater.
Meanwhile, fallout from a shooting by Blackwater employees has led both the Pentagon and the State Department to create new categories of "full-time, temporary" federal jobs to handle some tasks currently done by contractors.

Primus Telecommunications Group filed for Chapter 11 bankruptcy protection from creditors with a plan to reduce its debt. The McLean company listed assets of $100 million to $500 million and debt of $500 million to $1 billion and said it held negotiations before the filing with its senior note holders to work on a plan of reorganization that would cut its debt by about $315 million.

By Terri Rupar  |  March 17, 2009; 7:30 AM ET  | Category:  Economy Watch , Morning Brief
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