Valued at $200 million; Sold for $400 million - WHAT?
2-22-17, World Tribune -- On last day of Obama's occupation of the White House, he cut a deal selling planes to Kenya. For the stated purpose of missions against Islamic terrorist group al-Shabaab. The sale included:
Plane pictured is from IOMAX
IOMAX USA Inc., Moresville, NC company put the pricetag for its production of the 14 planes at $237 million ... but apparently Obama negotiated a deal for Kenya to pay $418 million to New York-based L3 Technologies who, reportedly never manufactured the plane before. IOMAX was unaware of the contract until the State Dept, which approves all foreign military sales, publicly announced it on Jan. 23, 2017 after President Donald Trump was sworn in.
Rep. Ted Budd, North Carolina Republican, is leading a group of lawmakers who are questioning why the contract to produce the planes was awarded to New York-based L3 Technologies. In a phone interview with Breitbart News Budd said, "It looks like politics. Why are they sending it to someone that’s produced zero, for twice the price? This is inappropriate.”
Kenya officials were flabbergasted that they were paying $181 million more than necessary. More here: www.worldtribune.com/tag/rep-ted-budd/
I heard there's such a thing among dishonest people called 'kickbacks' or 'paying under the table'. It goes like this: I'll pay you $200 for a gadget that costs $100 and you 'kickback' a hundred to me ... this is the perfect scenario!
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