Free Republic

WASHINGTON, April 27 — President Bush is expected on Friday to announce his approval of a deal under which a Dubai-owned company would take control of nine plants in the United States that manufacture parts for American military vehicles and aircraft, say two administration officials familiar with the terms of the deal. The officials, who were granted anonymity so they could speak freely about something the president had not yet announced, said that the final details had not yet been set and that Mr. Bush might put conditions on the transaction to keep military technology in the United States. But...

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...