U.S. Reviewing 2nd Dubai Firm (components for military aircraft)

[ProSense]

U.S. Reviewing 2nd Dubai Firm

Israeli Deal Also Faces Security Check

By Jonathan Weisman and Susan Schmidt
Washington Post Staff Writers
Thursday, March 2, 2006; Page A01

The Bush administration, stung by the public outcry over the Dubai port deal, has launched a national security investigation of another Dubai-owned company set to take over plants in Georgia and Connecticut that make precision components used in engines for military aircraft and tanks.

The administration notified congressional committees this week that its secretive Committee on Foreign Investment in the United States (CFIUS) is investigating the security implications of Dubai International Capital's $1.2 billion acquisition of London-based Doncasters Group Ltd., which has subsidiaries in the United States. It is also investigating an Israeli company's plans to buy the Maryland software security firm Sourcefire, which does business with Defense Department agencies.

Snip...

Dubai International Capital's acquisition of Doncasters could present some of the same political problems created by Dubai Ports World's purchase of London-based Peninsular and Oriental Steam Navigation Co. Once again, a state-controlled Dubai company with deep pockets is purchasing a British firm with U.S. holdings. Doncasters has operations in nine U.S. locations and manufactures precision parts for defense contractors such as Boeing, Honeywell, Pratt & Whitney and General Electric.

Snip...

Doncasters' expertise is in forging, fabrication, machining and alloy production. The company owns a plant that makes aerospace turbine blades and components in Farmington, Conn.; a turbine and generator plant in Rincon, Ga.; a steel foundry in Springfield, Mass.; and a metal-rolling plant in Groton, Conn. The company's Web site says the Georgia and Connecticut plants manufacture "engine ready airfoils," for aircraft, helicopter and tank engines.

more...

http://www.washingtonpost.com/wp-dyn/content/article/2006/03/01/AR2006030102192.html?nav=rss_politics

[GrumpyGreg]

1. Good Lord !

[ProSense]

2. Bush tyring to sell the country to the UAE? n/t

[mrgorth]

3. Kick

.