June 26, 2007 (LPAC)--The effort to keep the explosive BAE scandal out of the "mainstream" U.S. press, other than minor reports, was shattered this morning as BAE Systems plc was forced to announce to the London Stock Exchange that there is a US Department of Justice probe into corruption regarding the 1985 Yamamah arms deal between the British and Saudi Arabia. The announcement sent BAE stock values down by 11.4% in London, before U.S. markets opened. The story is now prominent on all the major U.S. wire and radio networks.

The only extensive coverage in the US to this point has been this website, and the Executive Intelligence Review (EIR), which has also gone far beyond the published reports of payoffs to Saudi Ambassador to the US Prince Bandar of $2 billion, showing that the deal also created a $80-100 billion slush fund for regime change, terrorist operations and other criminal enterprises by the British and their assets in the U.S., including especially Vice President Dick Cheney.

The BAE message to the LSE reported that the DOJ investigation relates to "the company's compliance with anti-corruption laws including the company's business concerning the Kingdom of Saudi Arabia."

Morgan Stanley yesterday issued a positive rating for BAE, based on two recent licenses issued by the US Committee on Foreign Investment in the U.S. (CFIUS) for BAE purchases of U.S. armaments companies.