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---
tags:
- Organization
- Private
- Business
- USA
---
[[TransCapital Corporation]] was a [[Connecticut]] firm licensed to sell computer hardware, particularly for the [[PROMIS]] program. It played a role in facilitating arms deals and technology transfers.[^1]
In 1986 and 1987, [[TransCapital Corporation]] was allowed to export high-tech [[IBM]] computers to the [[Soviet Union]], despite a general ban on selling such equipment to the [[East Bloc]]. This was made possible by [[Robert Gates]], who lifted the barriers. When the [[Soviet Union|Soviets]] desired [[PROMIS]], [[Degem]] technicians fitted it to the [[IBM]] computers, complete with the "trap door."[^1]
[[Richard St. Francis]], who worked for [[TransCapital Corporation]], was involved in a deal to sell three C-130s to [[Iran|Tehran]], working with [[Joseph O'Toole]] and [[Mike Timpani]]. This deal was intended to be a go-between for [[Israel]] and [[Iran]].[^1]
### Footnotes
[^1]: Ben-Menashe, Ari. *Profits of War: Inside the Secret U.S.-Israeli Arms Network*. TrineDay, 1992. (Hereafter, "Profits of War")