This blog post was published on October 31 2006. §
Corporate Mercenaries (in Iraq)
A new kind of armies, they are the Corporate Mercenaries, Iraqi contracts boosted the annual revenue of British PMSCs alone from £320 million in 2003 to more than £1.8 billion in 2004. One recent reports estimates that there are 48,000 mercenaries in Iraq. Income for the industry reached $100 billion in 2004.
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