Hawker-Beechcraft Denied Big Air Force Contract in Favor of Brazilian Company With Soros Connections

Hawker-Beechcraft AT-6

*Update: Hawker-Beechcraft sues to block Embraer’s Air Force Contract

By Gary P Jackson

Here’s a little something that caught my eye today. It seems after investing around $100 million in this project, Hawker-Beechcraft has been excluded from a contract, worth almost $1 billion, to build a new light air support plane.

What intrigues me is the Brazilian company Embraer, the likely contract winner, is currently under investigation by the U.S. Securities and Exchange Commission, and the Justice Department, for possible violations of the US Foreign Corrupt Practices Act.

According to Financial Times, Embraer is “venturing into the defense industry” and “is one of a select few Brazilian companies that has managed to break out of the Latin American market and compete on a global scale

You can read more about the corruption investigation here.

Here’s what the Wichita Eagle is reporting:

Hawker Beechcraft Corp. says the Air Force has informed the company that it lost out on a military contract worth nearly $1 billion.

The company had hoped to win the Light Air Support contract with its AT-6, an armed version of its T-6 trainer. But on Friday, the company said it received a letter from the Air Force saying the AT-6 had been excluded from the competition. The company wants an explanation.

According to the company’s news release: “The letter provides no basis for the exclusion. We are both confounded and troubled by this decision, as we have been working closely with the Air Force for two years and, with our partners Lockheed Martin, CMC Esterline, Pratt & Whitney Canada, L-3 WESCAM and CAE, have invested more than $100 million preparing to meet the Air Force’s specific requirements.”

The piston planes are designed for counterinsurgency, close air support, armed overwatch and homeland security.

Read more of this post

%d bloggers like this: