Court Denies Beechcraft Challenge Of Lost Contract
WICHITA, Kan. (AP) - Kansas airplane maker Beechcraft has lost a legal battle to halt work on a high stakes Air Force contract awarded to rival Sierra Nevada Corporation. The U.S. Court of Federal Claims on Friday denied Beechcraft's request for a temporary injunction. The contract for 20 planes for use in Afghanistan is worth more than $427 million. It could be worth as much as $1 billion, depending on future orders. Wichita based Beechcraft said that while it reluctantly accepted the court's opinion, it will continue to contest the award through the Government Accountability Office.
Sierra Nevada, in a partnership with Brazil's Embraer, plans to build the planes in Jacksonville, Florida. The companies said in a joint statement that the decision ensures work will continue uninterrupted for delivery of the planes on schedule in mid 2014.
Last modified onSaturday, 06 May 2017 10:07
Latest from Admin TOA
- Retrial Ordered in Fraud Case Against Turkish-American Businessman Yalçın Ayaslı
- From a Bag Stand in Connecticut to a 40,000 Square Foot Warehouse in New Jersey: Ali Dayı's Entrepreneurial Journey
- Hiram & Solomon Cigars Introduces the Patriot Cigar Honoring M.W. George F. Hamilton, 91st Grand Master of Masons in Massachusetts
- PCA Officially Announces 2025 Trade Show Dates
- Galaxy Group Gets DO&CO Detroit Project
