Sunday, January 01, 2012

Hawker-Beechcraft Denied Big Air Force Contract in Favor of Brazilian Company With Soros Connections | "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'" http://ping.fm/K8Qm9
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