2.1 KiB
| tags | category | summary | ||||
|---|---|---|---|---|---|---|
|
Private Organization | 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 technology.1
FXC International had associates in Singapore, Australia, and other parts of the world. The Central Intelligence Agency 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 government. Due to existing relations with Israel, FXC International was used to "paper" United States equipment in what might have been perceived as illegal sales, allowing the Central Intelligence Agency 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 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 stamp of approval on the deal.1
FXC International was also involved in a deal to sell three C-130s to Iran, 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 government paying half its fee and Israel paying the other half.1
Footnotes
-
Ben-Menashe, Ari. Profits of War: Inside the Secret U.S.-Israeli Arms Network. TrineDay, 1992. ↩︎