---
category: Private Organization
summary: FXC International was a parachute manufacturer transformed by director Frank
  Chevrier into a company with covert connections to intelligence-linked arms and
  equipment trafficking networks.
tags:
- Organization
- Private
- Business
- USA
---

[FXC International](/organizations/fxc-international/) was a company that initially produced parachutes for civilian purposes. It was transformed by [Frank Chevrier](/people/frank-chevrier/), who became its director and later owner. After Chevrier took control, [FXC International](/organizations/fxc-international/) began manufacturing parachutes for military purposes with [Israeli](/places/israel/) technology.[^1]

[FXC International](/organizations/fxc-international/) had associates in [Singapore](/places/singapore/), [Australia](/places/australia/), and other parts of the world. The [CIA](/organizations/central-intelligence-agency/) approached [FXC International](/organizations/fxc-international/) with the idea of opening an aircraft division, through which it could broker secret sales of aircraft around the world on behalf of the [U.S.](/places/united-states/) government. Due to existing relations with [Israel](/places/israel/), [FXC International](/organizations/fxc-international/) was used to "paper" [American](/places/united-states/) equipment in what might have been perceived as illegal sales, allowing the [CIA](/organizations/central-intelligence-agency/) to closely monitor these transactions.[^1]

[Joseph O'Toole](/people/joseph-otoole/), managing director of [FXC International](/organizations/fxc-international/)'s aircraft sales division, was involved in negotiations to sell [Chilean](/places/chile/) F-5Es to [Iran](/places/iran/) through [Singapore](/places/singapore/). [FXC International](/organizations/fxc-international/) was intended to act as a broker, buying planes from [Chile](/places/chile/) on behalf of [Israel](/places/israel/), thereby putting an [American](/places/united-states/) stamp of approval on the deal.[^1]

[FXC International](/organizations/fxc-international/) was also involved in a deal to sell three C-130s to [Tehran](/places/iran/), working with [Richard St. Francis](/people/richard-st-francis/) of [TransCapital Corporation](/organizations/transcapital-corporation/) and [Mike Timpani](/people/mike-timpani/). [FXC International](/organizations/fxc-international/) was slated to receive $200,000 for the purchase of each aircraft and another $200,000 for each sale, with the [Chilean](/places/chile/) government paying half its fee and [Israel](/places/israel/) paying the other half.[^1]

[^1]: Ben-Menashe, Ari. *Profits of War: Inside the Secret U.S.-Israeli Arms Network*. TrineDay, 1992.