July 28, 2008 3:40 PM

Audit faults contract awards to security company Blackwater

Blackwater obtained dozens of small business contracts worth more than $110 million even though the private security company exceeded size limits for a small business, according to a federal audit released today. The Inspector General of the Small Business Administration said Blackwater, based in Moyock, N.C., obtained 39 contracts set aside for small businesses from 2005 through 2007.

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