Dubai At It Again
Mensa Barbie unearths the latest UAE dabacle.
A deal by a United Arab Emirates company to buy a British firm with operations in the U.S. has touched off security concerns among some members of Congress.
But it’s not the Dubai Ports World furor all over again.
This time, Dubai International Capital has agreed to purchase Doncasters Group Ltd, a British parts manufacturer that works on sensitive American weapons programs such as the F-35 Joint Strike Fighter.
The Bush administration is conducting a security review of the $1.24 billion takeover and will present its findings to Congress, where many of the same voices that expressed outrage over the ports deal are beginning to complain about the Doncasters takeover, according to Hong Kong-based Asia Times Online.
Doncasters, which has nine plants in the U.S., also builds specialized fan blades for the M-1 Abrams tanks, the New York Sun reports.
It seems Dubai isn't going to give up on becoming heavily invested in our security. I hope the President learned his lesson from the Ports Deal. My reasons for distrusting the UAE are listed here.