USAF CANCELS CHICAGO COMPANY’S CONTRACT ALLEGING FOREIGN TIES

Air Force Magazine in its 10^th September summary reported a Bloomberg article saying that the US Air Forcee is ending a contract with a Chicago company, A. Finkl and Sons Co, for casings for BLU-137/B penetrator warheads because of its apparent ties to a Russian oligarch.  It says that Bloomberg has reported that Finkl’s Swiss parent company, Schmolz + Bickenbach, has links to a Russian billionaire, Viktor Vekselberg, who has been targeted by US sanctions in response to Russian actions in Ukraine and Crimea.

http://www.airforcemag.com/DRArchive/Pages/2018/September%202018/September%2010%202018/What-is-AI-Next-USAF-Cancels-Contract-After-Learning-of-Companys-Russian-Ties-Training-in-South-America.aspx

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017