‘Mercenaries Unleashed’: Report Highlights Threats Posed By Booming Private Security Industry
‘In a new report, a British anti-poverty charity puts Britain at the center of a growing global mercenary industry worth around $560 million to companies in the United Kingdom alone.
In its report, “Mercenaries Unleashed: The brave new world of private military and security companies,” War On Want names a number of major military and security companies (PMSCs) making vast profits in conflict zones around the world, including Control Risks, G4S and Olive Group.
The U.K.’s Foreign and Commonwealth Office, for example, has awarded contracts to PMSCs in conflict zones with a combined value of around $70 million each year since 2003. This includes nearly $210 million in the five years between 2007 and 2012 awarded for operations in Iraq.’
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