Re: [CPEO-MEF] WGI finds new profits in weapons destruction

[Lenny Siegel <lsiegel@cpeo.org>]

Go to http://www.cwwg.org and scroll down to the first map.

LS

uxogypfy@bellsouth.net wrote:
> 
> What are these eight Army depots-name and address please?!
> 
> Thank you,
> Stella
> 
> At one time more than 30,000 tons of chemical weapons were stockpiled at
> eight Army depots across the U.S. and on the Johnson Atoll in the
> Pacific Ocean. Of those eight depots, Washington Group has
> responsibility or joint-responsibility to destroy weapons at five -
> amounting to about 70 percent of the Army´s stockpile.
> ----- Original Message -----
> From: "CPEO Moderator" <cpeo@cpeo.org>
> To: <cpeo-military@igc.topica.com>
> Sent: Monday, February 10, 2003 10:33 AM
> Subject: [CPEO-MEF] WGI finds new profits in weapons destruction
> 
> Idaho
> WGI finds new profits in weapons destruction
> Ken Dey
> The Idaho Statesman
> 
> Washington Group International Inc. compiled a legacy of building
> impressive projects like the Hoover Dam, but the company's newest legacy
> may come from what it's now destroying.
> While United States leaders are rattling sabers and demanding that Iraq
> give up its chemical weapons and other weapons of mass destruction, the
> U.S. is busy destroying its own stockpile of chemical weapons.
> 
> Russia has the largest concentration of chemical weapons, and the U.S.
> is second. In 1993 world leaders decided it was time to eliminate those
> stockpiles.
> 
> The American weapons are stored in Army depots from Oregon to Maryland,
> and Boise-based Washington Group has contracts to destroy nearly 70
> percent of them. WGI also has a contract to dismantle the former Soviet
> Union´s arsenal of intercontinental ballistic missiles in Ukraine and
> Russia.
> 
> "This makes a real contribution to the world, and we feel very good
> about it," said Ambrose Schwallie, president of Washington Group´s
> defense unit.
> 
> A 'nice niche'
> 
> The destruction work has also helped the company´s bottom line.
> 
> In the first nine months of 2002 the company´s defense business unit,
> which includes the chemical weapons destruction work, has become a major
> part of the company´s revenue, contributing more than $400 million.
> 
> "We have done a lot better then I ever thought we would," Schwallie
> said. "We´ve grown tremendously and exceeded all (expected) revenues."
> 
> Analysts say the focus on chemical weapons destruction will continue to
> provide a solid source of revenue.
> 
> "They´ve carved out a nice niche for themselves," said John Rogers, an
> analyst with D.A. Davidson in Portland.
> 
> Rogers, who doesn´t own Washington Group stock and whose company doesn´t
> have a banking relationship with Washington Group, said the chemical
> weapons work is a great business to be in because of the long-term
> nature of the contracts and because the work isn´t sensitive to
> "economic ups and downs."
> 
> The combined value of all of Washington Group´s long term contracts that
> stretch out nearly a decade is about $4 billion.
> 
> The Boise-based company is now destroying thousands of tons of chemical
> weapons including everything from mustard agent, which was used in World
> War I, to sarin agent, the kind of gas that killed a dozen people and
> injured thousands in 1995 when a doomsday cult unleashed it in a
> Japanese subway.
> 
> During the 1940s through the late ´60s, while in an arms race with the
> Soviet Union, the U.S. military built massive stockpiles of chemical
> weapons.
> 
> American production of chemical weapons ended during President Richard
> Nixon´s administration, but it wasn´t until the early ´90s that
> countries around the world agreed to start destroying the weapons they
> had stockpiled.
> 
> At one time more than 30,000 tons of chemical weapons were stockpiled at
> eight Army depots across the U.S. and on the Johnson Atoll in the
> Pacific Ocean. Of those eight depots, Washington Group has
> responsibility or joint-responsibility to destroy weapons at five -
> amounting to about 70 percent of the Army´s stockpile.
> 
> This article can be viewed at:
> http://www.idahostatesman.com/story.asp?ID=32572
> 
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-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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