For the Middle East, the growth of the self-proclaimed Islamic State has been a catastrophe. For one American firm, it’s been a gold mine.
The war against ISIS isn’t going so great, with the self-appointed terror group standing up to a year of U.S. airstrikes in Syria and Iraq.
But that hasn’t kept defense contractors from doing rather well amidst the fighting. Lockheed Martin has received orders for thousands of more Hellfire missiles. AM General is busy supplying Iraq with 160 American-built Humvee vehicles, while General Dynamics is selling the country millions of dollars worth of tank ammunition.
SOS International, a family-owned business whose corporate headquarters are located in New York City, is one of the biggest players on the ground in Iraq, employing the most Americans in the country after the U.S. Embassy. On the company’s board of advisors: former Deputy Defense Secretary Paul Wolfowitz—considered to be one of the architects of the invasion of Iraq—and Paul Butler, a former special assistant to Pentagon chief Donald Rumsfeld.
The company, which goes by “SOSi,” says on its website that the contracts it’s been awarded for work in Iraq in 2015 have a total value of more than $400 million. They include a $40 million contract to provide everything from meals to perimeter security to emergency fire and medical services at Iraq’s Besmaya Compound, one of the sites where U.S. troops are training Iraqi soldiers. The Army awarded SOSi a separate $100 million contract in late June for similar services at Camp Taji. The Pentagon expects that contract to last through June 2018.
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