Posted on 04/12/2006 7:20:13 PM PDT by neverdem
CAIRO, Egypt - A confidential Treasury Department review of a United Arab Emirates firm's pending purchase of the British-based contractor that makes components for a tank used by the U.S. Army is expected to go to the White House as soon as this week, according to administration officials.
The proposed $1.2 billion deal is almost identical to Dubai Ports World's takeover of the British firm that operated American ports from Miami to New York. But in this case, the proposed buyer, Dubai International Capital, would gain control of a British company, Doncasters Group Limited, that builds the specialized turbine fan blades for the M-1 Abrams Tank, and is also a key contractor in the development of the new stealth joint strike fighter airplane.
The ruler of Dubai, Sheik Mohammed Bin Rashid Al Makhtoum, owns the majority stake in Dubai International Capital.
A British business publication, Business Online, reported last week that the Committee on Foreign Investment in the United States will conclude in its review that the deal poses no threat to national security, a move that would normally clear the way for its approval.
President Bush has 15 days after that date to object to the proposed deal. A Treasury Department spokesman yesterday said he could not comment on the confidential review.
The Dubai International Capital proposal has all the makings of an even more intense political fight than the scuttled ports deal, which ended only when Dubai Ports World agreed to sell the American ports facilities to American "entities."
Already, the Doncasters deal has attracted scrutiny from the ranking Democrat on the House Armed Services Committee, Rep. Ike Skelton of Missouri and his colleague on that panel, Rep. John Barrow, a Democrat of Georgia.
In an interview yesterday, Mr. Barrow said,"I am not against foreigners investing in this...
(Excerpt) Read more at nysun.com ...
Why don't we just tell the UAE that we want to cut off all ties with them, because we are afraid of them?
Is Doncasters operating in the U.S.? If not, I don't see what control the government would have over the deal.
Call Savage and let the hysteria begin again.
Step 2 POST MY OPINION
Step 3 DON'T FORGET STEP 1
My sincerest apologies.
Here we go again. Lets all break out the political football again and see how many points we can score.
It’s a BRITISH firm that’s up for sale you sycophantic sellout of statesmanship!
Doncasters has nine plants in the US. The plant in Rincon, GA makes turbine fan blades for jet and tank engines.
see post 5
Ping
Let's pretend this is not a deliberate effort to obtain leverage over our military capability. BLINDERS ON! RELIGION OF PEACE! TOTALITARIAN ALLIES! (Please ignore the Sharia and slavery.)
Looks as though the govt of Dubai is determined to get a big piece of Americana. From port ops to national defense contracts, Dubai is apparently the jackal of all trades...especially such trades that are strategically important to our national security.
More importantly, our govt is apparently determined that the foreign govt of Dubai (a muslim country where no Jews need apply) will get a piece of something somewhere in our national defense.
"Why don't we just tell the UAE that we want to cut off all ties with them, because we are afraid of them?"
You mean like they cut all ties with Israel?
Israel, uses DPW.
Not according to the Jerusalem Post they don't. Has the UAE and Dubai had a change of heart regarding Israel? Methinks not, and you just may be a great deceiver til proven otherwise.
unless you think he is lying? Israpundit
under what flag does Mr. Zim's ships fly?
the more you lie the deeper the hole dig for yourself
Well, maybe you should get the COO of DPW Edward Binkley thrown in jail because he said so before congress.
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