The Top Ten War Profiteers of 2004
by The Center for Corporate Policy

1. AEGIS: In June, the Pentagon's Program Management Office in Iraq awarded a $293 million contract to coordinate security operations among thousands of private contractors to Aegis, a UK firm whose founder was once investigated for illegal arms smuggling. An inquiry by the British parliament into Sandline, Aegis head Tim Spicer's former firm, determined that the company had shipped guns to Sierra Leone in 1998 in violation of a UN arms embargo. Sandline's position was that it had approval from the British government, although British ministers were cleared by the inquiry. Spicer resigned from Sandline in 2000 and incorporated Aegis in 2002.

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