The World - News from May 16, 1986
Defense Secretary Caspar W. Weinberger blocked the award of a $7.9-million contract to a firm with a Libyan connection. Fiat-Allis of North America was the low bidder on 178 bulldozers for the Marine Corps. The firm is a subsidiary of Fiat of Italy--about 15% of which is owned by the Libyan-Arab Foreign Investment Co., a branch of the Libyan Bank of Trade. Weinberger said he acted under a national security clause that allows the Pentagon to cancel a contract if it is contrary to U.S. interests.
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