Operation PBFortune, also known as Operation Fortune, was a covert United States operation to overthrow the democratically elected Guatemalan President Jacobo Árbenz in 1952. The operation was authorized by U.S. President Harry Truman and planned by the Central Intelligence Agency. The United Fruit Company had lobbied intensively for the overthrow because land reform initiated by Árbenz threatened its economic interests. The US also feared that the government of Árbenz was being influenced by communists.
The coup attempt was planned with the support of the United Fruit Company and of Anastasio Somoza García, Rafael Trujillo and Marcos Pérez Jiménez, the US-backed right-wing dictators of Nicaragua, the Dominican Republic, and Venezuela respectively, who felt threatened by the democratic Guatemalan Revolution, and had sought to undermine it. The plan involved providing weapons to the exiled Guatemalan military officer Carlos Castillo Armas, who was to lead an invasion from Nicaragua.
