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2nd Dubai Firm Set to Take Over U.S. PLANTS! Is This America Anymore? [View All]

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Dr. Jones Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-02-06 10:42 AM
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2nd Dubai Firm Set to Take Over U.S. PLANTS! Is This America Anymore?
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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
http://www.washingtonpost.com/wp-dyn/content/article/2006/03/01/AR2006030102192.html?referrer=email&referrer=email

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.

Administration officials are privately briefing leaders of half a dozen House and Senate committees this week about the two planned transactions, concerned that both deals could stir controversy in a political climate that remains supercharged over the Dubai port deal.

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