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White House: Obama Not Trying To Allow C-130 Sales To China

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Wednesday, October 13th, 2010

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By Emelie Rutherford President Barack Obama does not want to lift the ban on selling C-130 aircraft to China and only is allowing the Lockheed Martin [LMT]-built cargo aircraft to help with oil-spill response in the country, a White House spokesman said yesterday. Obama sent House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry Reid (D-Nev.) a letter last Friday saying "it is in the national interest of the United States to terminate the suspensions under section 902(a)(3) of…

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