Quote :

"Bush set to OK takeover of nine military plants by Dubai firm: NYT Last Update: 4:33 AM ET Apr 28, 2006 NEW YORK (MarketWatch) -- President Bush is expected Friday to announce his approval of a deal under which a Dubai-owned company would take control of nine plants in the U.S. that manufacture parts for American military vehicles and aircraft, say two administration officials familiar with the terms of the deal, The New York Times reported in its Friday editions. The officials, who were granted anonymity so they could speak freely about something the president had not yet announced, said the final details had not yet been set and that Bush might put conditions on the transaction to keep military technology in the U.S., the paper reported. The plants in question are owned by Doncasters Group Ltd. (DNC.YY), a U.K. company that is being purchased for $1.2 billion from the Royal Bank of Scotland Group (RBS.LN) by Dubai International Capital, which is owned by the United Arab Emirate government. The Times reported that because the plants make turbine blades for tanks and aircraft, the deal was reviewed by the Committee on Foreign Investment in the U.S., which sent it on to Bush for a decision, a step used only when the potential security risks or political considerations are particularly acute. Administration officials alerted Congress that the deal would go through the committee's review process in an effort to head off the kind of public debate that surrounded the ports deal. The Times reported that one official who was briefed on the Doncasters transaction said there would be provisions in the agreement protecting American military secrets. But it was unclear whether that would satisfy Congressional objections. "

http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=google&guid=%7BC1A65801-D25C-44FB-8A7D-3628EBC2E670%7D&keyword=


Is this going to have the same uproar as the DPW ports deal?

4/28/2006 7:43:37 AM

merchants of death

4/28/2006 9:42:55 AM

What now? Are we worried about terrorists sabotaging our tanks?

Forget it. This has nothing to do with anyone here, so if Dubai want's to buy some factory out west that doesn't manufacture nuclear weapons then the only question is whether or not the owners want to sell.

4/28/2006 9:59:15 AM

yeah, cause you know, military factories aren't a strategic asset or anything

4/28/2006 1:04:51 PM

americans arent allowed to own more than 50% of dubai companies

4/28/2006 1:17:01 PM

I know, because then it would be called "an American company"

That said, this is America, and just because they shoot themselves in the foot doesn't mean we must do the same.

4/28/2006 3:40:14 PM

In America, we have to shoot ourselves in the foot twice, just to prove we're better.

4/28/2006 3:47:27 PM

i doubt this will cause the same uproar...
i don't have faith that the american people will have the attention span to get upset again about something they'll see as the same issue...

but i could be wrong...
eh, i don't care either way, dubai needs us now more than we need then, well, they need our millionaires to sell their construction projects too...

4/28/2006 4:08:08 PM

Quote :

"americans arent allowed to own more than 50% of dubai companies"

not just americans...any non-UAE citizen or group of

4/28/2006 4:09:34 PM