Latin News Daily Report - 05 January 2012

Brazil: On 4 January the US air force issued a ‘stop-work’ order to the Brazilian defence firm Embraer and a partner US company, Sierra Nevada, obliging the temporary suspension of a newly awarded US$355m contract to provide 20 Embraer Super Tucano light attack aircraft (plus support services) to the US air force, principally for use in Afghanistan. Embraer and Sierra Nevada were awarded the contract in late December; however, a US firm, Hawker Beechcraft, which had also been interested in the deal, has filed a lawsuit at the US Court of Federal Claims over its last minute exclusion from the bidding process in November 2011. Hawker Beechcraft is part owned by the US investment bank Goldman Sachs.

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