The Navajo Nation will move forward with a $34 million deal to host an aircraft parts plant despite a warning issued by two state agencies in New Mexico.
The agencies questioned whether the tribe would be getting a fair share for its investment. They also cited past problems with the finances of Utilicraft Aerospace Corp.
The tribe has agreed to invest the first $1.25 million but no money has changed hands,
a spokesperson for Navajo Nation President Joe Shirley Jr. said.
Get the Story:
Navajos Proceed on 'Risky' Plane Deal
(The Albuquerque Journal 2/3)
Related Stories:
Navajo Nation warned about aircraft plant
deal (01/24)
Navajo Nation to consider
aircraft parts plant (12/13)
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