We elect idiots and they should perform as idiots. Why would anyone expect our elected officials to know anything about what they have been doing while in office?
which assets, that company that makes engine parts for the defense industry? that should be killed, if CFIUS was doing its job, it would be, it wouldn't have to go to congress.
there are plenty of US assets for the UAE to buy that does not involve critical infrastructure or defense related companies. they can buy those, without hearing a peep.
ping
"A person familiar with the thinking of both the US and United Arab Emirates said officials were concerned that the pending investigation of Dubai International Capital’s £700m ($1.2m) purchase of Doncasters, a privately-held British aerospace manufacturer that works on sensitive US weapons programmes, including the Joint Strike Fighter, could provoke a similar backlash and further damage the relationship between the two countries."
Get the shotgun Ma! It's another Congressional uprising!
The Doncasters Group is a leading international engineering group that manufactures precision components and assemblies for the aerospace, industrial gas turbines, specialist automotive, medical orthopaedic and petrochemical markets. The group excels in working with alloys and metals that are difficult to shape and form.Doncasters operates from 25 sites in the UK, Continental Europe, the USA and Mexico. The client base is genuinely global and comprises most of the industry leaders in its relevant areas of activity. The group currently employs just over 4,500 members of staff worldwide.
Doncasters has an illustrious history having been formed by Daniel Doncaster in 1778 in the city of Sheffield, UK. To this day the company still has manufacturing facilities in the city.
The company has adopted institutionalised 'lean manufacturing' and uses Six Sigma principles throughout its operations. In recent years this has resulted in a dramatic and sustained improvement in profitability. In 2004 group turnover was reported at US$850m.
For more details about the group please access the 'About Us' section of the website.
Doncasters possesses many unique industry leading technological and manufacturing skills that are very highly regarded by our customer base. We are in virtually every respect global leaders in aerospace, industrial gas turbines, automotive turbochargers, medical orthopaedic implants and superalloys. All are household names within their respective industries and highly demanding as regards problem solving, time to market delivery, costs and through life support.
Leveraging the synergies of our superalloy manufacturing, casting, forging, fabrication, machining and assembly capabilities, Doncasters is in a unique position of being able to offer an in house integrated Supply Chain solution for our customers.
Sounds as though pieces of this can be carved off, just as pieces of P&O will be carved off. I haven't checked to see what parts of Doncasters are physically in the US, but the website linked above may provide that level of detail, and more.
Any further developments on the discovery you made last Sunday?
Guess who leaked the DP World Email?
http://www.freerepublic.com/focus/f-bloggers/1599357/posts?page=5#5
I sure wish Congress would worry a little more about the 20 million or so illegal aliens in the US that we know nothing about. We close a "porthole" and leave the backdoor wide open...
About 25% of Company sales were from operations in the US. On paper, the company showed a loss in that year. "Power Systems Division" includes the Aerospace group, which includes compressor blade machining in defense spending in North America. "Power Systems Division" represents about 75% of the sales. On October 28, 2004, Doncasters acquired Liberty Machine of Alabama, which specializes in the medical sector (prosthetics).
Talk about Chicken Little...
America for Americans... leave if you don't like the deal;personally all of ya are persona non-grata! Get out or we get a rope!
BCCI - ABU DHABI: BCCI'S FOUNDING AND MAJORITY SHAREHOLDERS
http://www.fas.org/irp/congress/1992_rpt/bcci/14abudhabi.htm
The BCCI Affair
http://www.fas.org/irp/congress/1992_rpt/bcci/
Bert Lance, President Jimmy Carter, and assorted other character, resulting in a taxpayer bailout of banks measured in the billions. And ... there are strings being pulled here that reach to fundamental world economy and intrigue.
By September 21, 1977, when Bert Lance tendered his resignation from the position of director of the Office of Management and Budget (OMB) to President Jimmy Carter, Lance had become the most notorious banker in the United States. ...The Sami memo described an intentional strategy by BCCI, Lance, Adham, Fulaij, and other members of the BCCI group to disguise BCCI's underlying interest in the transaction, and the fact that the individuals were acting as a group, in order to circumvent SEC disclosure rules. ...
http://www.fas.org/irp/congress/1992_rpt/bcci/06early.htm
By the time of the October 1988 indictment of BCCI in Tampa as a result of a Customs money-laundering sting operation, BCCI had secretly acquired a coast-to-coast network of United States banks operating in New York, Maryland, Virginia, the District of Colombia, Georgia, Florida, Tennessee, and California without U.S. or state regulators ever catching on to BCCI's ownership and control of the institutions. Accomplishing this goal had been expensive for BCCI, which had consistently paid more for each bank than the market would dictate for any normal banking institution.http://www.fas.org/irp/congress/1992_rpt/bcci/07later.htm
The relationships involving BCCI, the CIA, and members of the United States and foreign intelligence communities have been among the most perplexing aspects of understanding the rise and fall of BCCI. The CIA's and BCCI's mutual environments of secrecy have been one obvious obstacle. For many months, the CIA resisted providing information to the Subcommittee about its involvement with and knowledge of BCCI. Moreover, key players who might explain these relationships are unavailable. Some, including former CIA director William Casey, and BCCI customers and Iranian arms dealers Ben Banerjee and Cyrus Hashemi, are dead. Others, including most of BCCI's key insiders, remain held incommunicado in Abu Dhabi. While promising in public hearings to provide full cooperation to the Subcommittee, to date the Abu Dhabi government has refused to make any BCCI officers available for interview by the Subcommittee. Former BCCI chairman Agha Hasan Abedi remains severely incapacitated due to a heart attack. Finally, some persons in a position to know portions of the truth have denied having any memory of events in which they participated and of documents which they reviewed.A baseline for assessing the BCCI-CIA story is the CIA's official record of its use of BCCI and its targeting of the bank, as set forth in several hundred CIA records created from 1982 through 1992. That record was, by and large, accurately represented by CIA acting director Richard Kerr in public testimony on October 25, 1991, supplemented by more detailed, classified testimony on October 31, 1991. Unfortunately, that record also contains ostensible gaps in knowledge on the part of the CIA about the activities of key contacts in the Middle East for U.S. intelligence -- including BCCI shareholders Kamal Adham and Abdul Raouf Khalil, and BCCI customer and Iran/Contra arms merchant Adnan Khashoggi -- which strain belief.
Speak up now, less',n all youse anti-DPW folks want to be branded as hypocrites.
BUMP
I predict this second, sneaky back door go-round attempt will be about as successful as the first attempt was.
Doncasters generated 35 per cent of its sales in the US in 2004 and would be likely to draw interest from private equity buyers if Arab ownership were to be blocked.
Ah, yes. Another Congressional shakedown for their campaign contributors. I feel another "national security" fest coming on.