Halliburton having to rebid on it's contract to feed and support U.S. troops turns out to be
"no biggie" for the corporation. Nope, KBR's still going ahead with it's planned IPO later this year, and Halliburton isn't even commited to continued ownership of KBR:
The company plans to sell almost 20 percent of KBR in an initial public offering this year and has said it may divest the remaining stake later. Chief Executive Officer David Lesar has said the unit, with narrow margins, is a drag on the company's share price and profits. KBR, which makes most of its money through engineering and construction of large energy projects, accounted for 44 percent of Halliburton's revenue and less than 10 percent of earnings in the first quarter.
And Wikipedia tells us that "Halliburton has stated in its SEC filings its intent to eventually dispose of its KBR holdings, believing the two companies would best be served by being separate from the other."
Sorry, I wanted to believe this was a big blow to them, but it looks as if that isn't the case.