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KBR IPO eyed risk of losing Iraq contract.

The America's Intelligence Wire

| July 12, 2006 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From CBS Marketwatch (Pulses))

Byline: JOHN CHRISTOFFERSEN

NEW YORK (MarketWatch) -- Halliburton's Kellog Brown & Root unit highlighted the risk of losing big government contracts in Iraq in its IPO filing, ahead of Wednesday's report in The Washington Post that the U.S. Army would end a multi-billion dollar pact to provide logistical support. "We expect the volume of work under our LogCAP III (Iraq) contract to continue to decline in 2006 as our…

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