DUBAI ACQUIRES A DEFENCE MANUFACTURER



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Topic: Politics > Politics-USA
User: "Barney Fife"
Date: 03 Mar 2006 11:25:28 PM
Object: DUBAI ACQUIRES A DEFENCE MANUFACTURER
Maybe Georgie Boy will let them have the East Wing too.
WASHINGTON - The United Arab Emirates intends to operate U.S. military
factories.
The Bush administration has informed Congress of a review of the UAE
acquisition of a British manufacturer of engine components for U.S.
military
aircraft and main battle tanks. The British firm operates nine factories,
including military production facilities in Connecticut and Georgia.
Officials said Dubai International Capital has acquired the London-based
Doncasters Group for $1.2 billion. Doncasters produces engine components
and
turbine blades for military platforms, and its clients include Boeing,
General Electric, Honeywell and Pratt and Whitney.
"It's a standard business deal by a consortium that seeks
opportunities," an
official said. "But it also fits in well with Dubai's plans to create an
aerospace industry."
http://www.worldtribune.com/worldtribune/06/front2453798.058333333.html
THIS IS WHAT HAPPENS WHEN YOU BORROW ZILLIONS OF DOLLARS AND YOU CANNOT PAY
THEM BACK!
.


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