Sierra Opens New Fight Over Nixed $355M Aircraft Contract

Law360, New York (June 12, 2012, 10:26 PM EDT) -- Sierra Nevada Corp. on Monday sought to win back a $355 million U.S. Air Force contract for supplying planes to Afghanistan, after it had edged out rival Hawker Beechcraft Defense Co. LLC in December, but then lost in March after Hawker contested the win.

Sierra, which had teamed up with Brazil-based Embraer SA to supply 20 small aircraft the contract had called for, claimed that the Air Force canceling the contract was a disproportionate response to its own paperwork errors, according to a Tuesday statement by...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.