Posted on 01/12/2019 9:54:50 AM PST by Theoria
The U.S. Securities and Exchange Commission and the Commerce Department are investigating Boeing Co.’s relationship with a satellite startup backed by a Chinese government-owned firm, following an article by The Wall Street Journal on the matter
In a letter to the Los Angeles-based startup Global IP, the SEC requested that the company retain all documents about its work with Boeing and a number of other individuals and entities, including state-owned Chinese lender China Orient Asset Management Co.
The letter said the SEC believes the Los Angeles company possesses “documents and data that are relevant to a matter under investigation,” and asked that it keep materials about Boeing’s deal with the Chinese-backed entity.
The SEC letter was disclosed in a court filing on Jan. 4 by Umar Javed, one of Global IP’s founders.
(Excerpt) Read more at wsj.com ...
Let’s see what other sensitive technology we can give to China.
I think it was Lenin that said “the capitalists will sell you the rope you’ll hang them from”. I’d only change capitalist with corporatist, and I’d say he’s 100% right.
China doesn’t have to invest in killer satellite technology when you simply let them develop the on/off switch to your satellite.
They have to something... The Military Industrial Complex demand is about done in Syria and Afghanistan. All loyalties aside, they have to sell something to somebody.
THIS is how it works... and has worked in this country since since the Du Ponts migrated here.
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