DHB execs indicted for insider trading, fraud

Discussion in 'Wall St. News' started by james_bond_3rd, Oct 25, 2007.

  1. http://www.trentonian.com/WebApp/ap...1.content=/TRN/Home/TopStoryList_Story_795906
    The damage they've done, however, will last a long time:
    "Jim Magee, a retired Marine colonel and former head of DHB’s Point Blank subsidiary, recently told the Washington Post that by hiring only DHB, rather than spreading the work around to the 20 or so qualified companies, the military created a bottleneck that kept many troops in Iraq from having state-of-the-art body armor until nine months after the war began."

    "Over the course of 2005, the Marines and Army recalled a total of 23,000 vests – all of them produced by DHB -- after an investigation by the Marine Corps Times revealed that the vests had failed ballistics tests for stopping 9 mm bullets. The exposé showed that Pentagon officials had dismissed repeated warnings by inspectors. In one instance, army ballistics expert James MacKiewicz alerted higher-ups of “major quality assurance deficiencies” by DHB and recommended rejecting certain lots of vests and “disciplinary action against the contractor.”"

    How many soldiers were injured or killed because of the lack of body armor or poor quality vests?