Tag Archives: Companies

Erik Prince: Corporate Network, Business Failures & Scandals

Running beneath all three eras is a single structural pattern this dossier treats as its central finding: Prince’s economic control has become progressively harder to see on paper even as his operational role has remained continuous. Blackwater was undisguised — Prince’s name was on the door. FSG substituted a public-company shareholding and subsidiary structure. Project Opus substituted associates, management agreements and, critically, a security pledge: the UN Panel found that 100% of Malta company PBM Limited’s shares had been pledged by its nominal owner to Phalanx Holding Company LLC, a Delaware entity the Panel identifies as Prince-controlled — and that Prince personally signed the document terminating that pledge in July 2020. The Panel concluded this arrangement made Prince, “in effect,” PBM’s beneficial owner despite holding no shares in it directly. That is the strongest documented evidence that formal share registries have understated Prince’s economic interest in his network at various points, Continue reading →

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Amendment to detention contract notice drops detainee-transport reporting requirement

A requirement that private contractors report to Immigration and Customs Enforcement each month on every detainee they transport was deleted Thursday afternoon from the contract documents for four proposed “turnkey” detention centers, in an amendment ICE posted to the federal contracting site SAM.gov. Continue reading →

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More than a dozen Serbians targeted with mercenary spyware, digital rights group finds

More than a dozen Serbians targeted with mercenary spyware, digital rights group finds By A.J. Vicens September 2, 202611:39 AM EDT Updated 2 hours ago Summary Companies Targets included student activists,… You must be logged in to view this content. … Continue reading →

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The Office of Refugee Resettlement is assembling a bench of contractors to house migrant children on 30 days’ notice

The Office of Refugee Resettlement is assembling a bench of contractors to house migrant children on 30 days’ notice ORR could award a contract by Dec. 31 for emergency facilities holding… You must be logged in to view this content. … Continue reading →

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ICE awards GardaWorld up to $382 million to move detainees across Texas

ICE awards GardaWorld up to $382 million to move detainees across Texas The American arm of the Montreal-based security company has taken in more than $330 million this year to convert… You must be logged in to view this content. … Continue reading →

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Construction Contracts Awarded for ICE Detention Facilities in Maryland and Arizona

Construction Contracts Awarded for ICE Detention Facilities in Maryland and Arizona The federal government awarded renovation contracts Sunday for two warehouses — in Maryland and Arizona — as the government races… You must be logged in to view this content. … Continue reading →

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VECTUS AIR DEFENSE SYSTEMS

Vectus Air Defense Systems (“Vectus”) is a newly launched, privately held venture led by Erik Prince, founder of Blackwater USA, offering what it markets as “Air Defense as a Service” (ADaaS) — a subscription-style managed-service model applied to layered counter-air and counter-UAS protection for critical infrastructure and government sites. The company was publicly unveiled on Friday, August 21, 2026, through a coordinated announcement with Swarmer, Inc. (Nasdaq: SWMR), an Austin, Texas-headquartered drone-autonomy software company in which Prince serves as Non-Executive Chairman. Swarmer took a disclosed 20% founding equity interest in Vectus as a strategic technology partner; Prince is reported, though not confirmed in a primary Vectus filing, to hold the remaining 80%. Continue reading →

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$42 Million Abu Ghraib Jury Verdict Is Overturned on Appeal

A three-judge appeals panel on Friday overturned a landmark jury verdict that found a Virginia contractor liable for the abuse of three Iraqis detained in 2003 and 2004. Continue reading →

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YOUR THREAT MODEL JUST SHIFTED

For decades, the defense procurement process was bogged down by antiquated concepts: national sovereignty, Congressional oversight, multi-year appropriations, and owning your hardware outright. If a hostile neighbor launched a salvo of loitering munitions at your national oil refinery or sovereign palace, you had to call the U.S. State Department, fill out Foreign Military Sales (FMS) paperwork, and wait four years for a battery that arrived with a 1,200-page manual and no spare parts.
No longer. Borrowing a page from Silicon Valley, Blackwater founder Erik Prince — alongside Ukrainian software partner Swarmer — has unveiled Vectus Air Defense Systems: the world’s first enterprise Air-Defense-as-a-Service (ADaaS) platform. Continue reading →

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KBR Secures New Ministry of Justice Contract, Advancing UK Government Transformation Programme

KBR Secures New Ministry of Justice Contract, Advancing UK Government Transformation Programme August 27, 2026 06:00 ET  | Source: Kellogg Brown & Root LLC. HOUSTON, Aug. 27, 2026 (GLOBE NEWSWIRE) —… You must be logged in to view this content. … Continue reading →

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