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20 - ORGANIZATIONS/PRIVATE/FXC International.md
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@ -4,14 +4,16 @@ tags:
- Private
- Business
- USA
category: "Private Organization"
summary: "FXC International was a company that initially produced parachutes for civilian purposes. It was transformed by Frank Chevrier, who became its director and later owner."
---
[[FXC International]] was a company that initially produced parachutes for civilian purposes. It was transformed by [[Frank Chevrier]], who became its director and later owner. After Chevrier took control, [[FXC International]] began manufacturing parachutes for military purposes with [[Israel|Israeli]] technology.[^1]
[[FXC International]] had associates in [[Singapore]], [[Australia]], and other parts of the world. The [[Central Intelligence Agency|CIA]] approached [[FXC International]] with the idea of opening an aircraft division, through which it could broker secret sales of aircraft around the world on behalf of the [[USA|U.S.]] government. Due to existing relations with [[Israel]], [[FXC International]] was used to "paper" [[USA|American]] equipment in what might have been perceived as illegal sales, allowing the [[Central Intelligence Agency|CIA]] to closely monitor these transactions.[^1]
[[FXC International]] had associates in [[Singapore]], [[Australia]], and other parts of the world. The [[Central Intelligence Agency|CIA]] approached [[FXC International]] with the idea of opening an aircraft division, through which it could broker secret sales of aircraft around the world on behalf of the [[United States|U.S.]] government. Due to existing relations with [[Israel]], [[FXC International]] was used to "paper" [[United States|American]] equipment in what might have been perceived as illegal sales, allowing the [[Central Intelligence Agency|CIA]] to closely monitor these transactions.[^1]
[[Joseph O'Toole]], managing director of [[FXC International]]'s aircraft sales division, was involved in negotiations to sell [[Chile|Chilean]] F-5Es to [[Iran]] through [[Singapore]]. [[FXC International]] was intended to act as a broker, buying planes from [[Chile]] on behalf of [[Israel]], thereby putting an [[USA|American]] stamp of approval on the deal.[^1]
[[Joseph O'Toole]], managing director of [[FXC International]]'s aircraft sales division, was involved in negotiations to sell [[Chile|Chilean]] F-5Es to [[Iran]] through [[Singapore]]. [[FXC International]] was intended to act as a broker, buying planes from [[Chile]] on behalf of [[Israel]], thereby putting an [[United States|American]] stamp of approval on the deal.[^1]
[[FXC International]] was also involved in a deal to sell three C-130s to [[Iran|Tehran]], working with [[Richard St. Francis]] of [[TransCapital]] and [[Mike Timpani]]. [[FXC International]] was slated to receive $200,000 for the purchase of each aircraft and another $200,000 for each sale, with the [[Chile|Chilean]] government paying half its fee and [[Israel]] paying the other half.[^1]
[[FXC International]] was also involved in a deal to sell three C-130s to [[Iran|Tehran]], working with [[Richard St. Francis]] of [[TransCapital Corporation]] and [[Mike Timpani]]. [[FXC International]] was slated to receive $200,000 for the purchase of each aircraft and another $200,000 for each sale, with the [[Chile|Chilean]] government paying half its fee and [[Israel]] paying the other half.[^1]
### Footnotes
[^1]: Ben-Menashe, Ari. *Profits of War: Inside the Secret U.S.-Israeli Arms Network*. TrineDay, 1992. (Hereafter, "Profits of War")
[^1]: Ben-Menashe, Ari. *Profits of War: Inside the Secret U.S.-Israeli Arms Network*. TrineDay, 1992.