Beechcraft Loses Out On $428M Afghan Aircraft Contract

Law360, New York (February 28, 2013, 6:35 PM EST) -- The U.S. Air Force Wednesday awarded a $427.5 million contract to a Sierra Nevada Corp. venture to provide light air support aircraft to the Afghan Air Force, in a blow to Beechcraft Corp., which had banked on the contract to boost company revenue as it emerges from Chapter 11.

The Air Force said it had selected a joint venture led by Sierra Nevada and Embraer Aircraft Holding Inc. to provide 20 of the company’s A-29 Super Tucano light air support aircraft for the Afghan air force....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.