TransCapital Corporation
TransCapital Corporation was a Connecticut company licensed to sell computer hardware that facilitated PROMIS software transfers and related arms deals.
TransCapital Corporation was a Connecticut firm licensed to sell computer hardware, particularly for the PROMIS program. It played a role in facilitating arms deals and technology transfers.1
In 1986 and 1987, TransCapital Corporation was allowed to export high-tech IBM computers to the Soviet Union, despite a general ban on selling such equipment to the East Bloc. This was made possible by Robert Gates, who lifted the barriers. When the Soviets desired PROMIS, Degem technicians fitted it to the IBM computers, complete with the "trap door."1
Richard St. Francis, who worked for TransCapital Corporation, was involved in a deal to sell three C-130s to Tehran, working with Joseph O'Toole and Mike Timpani. This deal was intended to be a go-between for Israel and Iran.1
Sources
- Ben-Menashe, Ari. Profits of War: Inside the Secret U.S.-Israeli Arms Network. TrineDay, 1992. ↩
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