SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (date of earliest event reported)
February 27, 2004
Halliburton Company
(Exact name of registrant as specified in its charter)
State or other Commission IRS Employer
jurisdiction File Number Identification
of incorporation Number
Delaware 1-3492 No. 75-2677995
1401 McKinney, Suite 2400
Houston, Texas 77010
(Address of principal executive offices)
Registrant's telephone number,
including area code - 713-759-2600
INFORMATION TO BE INCLUDED IN REPORT
Item 9. Regulation FD Disclosure
On February 27, 2004 registrant issued a press release entitled
"Different Circumstances Require Different Tactics in Iraq."
The text of the press release is as follows:
DIFFERENT CIRCUMSTANCES REQUIRE DIFFERENT TACTICS IN IRAQ
KBR Tiger Team provides additional internal control point for subcontracts
The following is a statement from KBR President and Chief Executive Officer
Randy Harl as a response to news reports on an internal document.
It is unimaginable that a business news publication would publish an internal
proprietary working draft document that involves war operations, security, legal
and competitive issues for KBR. The document says: For discussion purposes only.
That certainly didn't mean discussion in the media.
Otherwise the internal memo that has been reported on is completely consistent
with our corporate philosophy. If we see a problem or if someone, such as our
client, raises the possibility of a problem, we immediately investigate. That's
what we are doing here with our Tiger Team. Daily our people confront and test
the status quo to make improvements for our customers. Other companies may have
a "just get by attitude" but that is not how it works at KBR.
The bottom line is: This is a dramatically different mission than it was in
March 2003. Over 11 months, it has become the largest undertaking of its kind
since the Marshall Plan. When the mission changed, KBR began a mission to change
with it.
KBR's contracts in Iraq and our performance in a war zone are undergoing an
unprecedented level of scrutiny. The Tiger Team was formed to ensure that all
our operations fulfill the KBR promise to deliver quality results for our
clients. That's what we are doing even with the unprecedented barrage of
inquiries, accusations and political innuendos.
In a war zone, you have to adapt and apply different tactics to different
circumstances. For example, KBR had to "ramp up" meal service between June, when
we served 50,000 soldiers daily, and July, when we had to plan, purchase and
prepare for 130,000 soldiers each day. More soldiers also meant more laundry,
and it was a huge upsurge in everything from personnel to detergent. Recently,
the military decided to provide "hard-sided" shelter for the soldiers. On this
issue, we processed an order in December for some $300 million of "containers"
that will be used to construct shelter. Every operational change causes shifts
in people, processes, computer systems, files and equipment.
At any given time, the amount we are "out of pocket" has amounted up to $800
million. There are very few companies in the world that could or would adapt
this quickly while, at the same time, finance the operation. KBR pays for the
equipment, supplies and manpower and is reimbursed much later.
We will continue to support the soldiers even though the price for this mission
is the cost of having to defend ourselves at home.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HALLIBURTON COMPANY
Date: February 27, 2004 By: /s/ Margaret E. Carriere
---------------------------------
Margaret E. Carriere
Vice President and Secretary