05/18/2008 05:12 am ET | Updated May 25, 2011

Blackwater's Iraq Contract Renewed For At Least Another Year

Last fall, Blackwater Worldwide was in deep peril.

Guards for the security company were involved in a shooting in September that left at least 17 Iraqis dead at a Baghdad intersection. Outrage over the killings prompted the Iraqi government to demand Blackwater's ouster from the country, and led to a criminal investigation by the F.B.I., a series of internal investigations by the State Department and the Pentagon, and high-profile Congressional hearings.

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