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This thesis investigates the post-Cold War evolution of private military companies. Specifically this study will focus on the measure of international legitimacy that is afforded to private military companies that conduct active military assistance operations that have a strategic impact on the political and security environments in which they are contracted to operate. The thesis has focussed the contract operations conducted by Executive Outcomes (Republic of South Africa), Sandline International (United Kingdom), and Military Professional Resources Incorporated (United States of America) within the time frame of 1988 to the present. The study concludes that at the international level, active military assistance operations conducted by private military companies are indeed legitimate, but that measurement of legitimacy can only be assessed as being de-facto and amoral. Moreover these missions are being conducted within a vacuum of effective regulation and accountability at the international and national levels that is decidedly inappropriate for the international realm in the twenty first century.