"David H. Brooks, CEO of bulletproof vest maker DHB Industries, earned $70 million in 2004, 13,349% more than his 2001 compensation of $525,000. Brooks also sold company stock worth about $186 million last year, spooking investors who drove DHB’s share price from more than $22 to as low as $6.50 [DHB was trading at $4.20 Wednesday]. In May 2005, the U.S. Marines recalled more than 5,000 DHB armored vests after questions were raised about their effectiveness. By that time, Brooks had pocketed over $250 million in war windfalls." (source)
Here's the thing, 5,277 of these vests (being used by Marines) have been recalled. It seems they can't successfully take a hit from a 9mm. Here is someone that is profiting grossly from a seemingly inferior product. Does this mean that our troops were given a false sense of security as Ms. Brooks ushered in 13 with Fiddy?
"On November 21, the Army Times reported, “The Army and Marine Corps are recalling more than 18,000 body armor vests because they failed ballistic requirements when they were manufactured in 1999-2000. Many of those vests may now be in the war zone. The Nov. 16 recall order is the second in six months for the Marines. The Corps recalled more than 5,000 vests in May. All of the vests involved were produced by the same manufacturer, Point Blank Body Armor Inc. of Pompano Beach, Fla., under contract to the Marine Corps.” (Army Times)
Now here's a story I would have thought the MSM would have been all over. A "war-profiteer" disseminating an inferior product while reveling in the proceeds... Personally, I'm pretty disgusted.
Guerrilla News Network has the entire story.
(*Thanks to The Blogfather for the heads up)