FBI investigates science contracts awarded Veco

Anchorage Daily News | August 16, 2007

The FBI is investigating the National Science Foundation’s award of $170 million in contracts to the oil field services company that oversaw renovations on U.S. Sen. Ted Stevens’ home.

The firm, Veco Corp., captured a lucrative five-year NSF contract in 1999 to provide logistics and support for polar research, although it had no previous experience in that field. During the same time period, Veco’s top executive managed renovations that doubled the size of the longtime Republican senator’s Girdwood home — the scene of a July 30 FBI raid.

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See also: Contracts, ties to Stevens probed » Lawmakers Facing Ethics Questions » Exec: Workers Helped on Senator’s Home » FBI Searches Sen. Stevens’ Alaska Home » Ted Stevens’ Federal Favors For VECO »