New Dubai Purchase

Here we go again. FT.com reports DIC, Dubai Int'l Capital is to buy a different British Company today. This time it's Doncasters, a privately-held British aerospace manufacturer that works on sensitive US weapons programs. IE: Jet Engines and such

Of course a the party of neo-National Security Isolationism/Protectionism is first to the trough.

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http://news.ft.com/cms/s/c8f7de22-b91c-11da-b57d-0000779e2340.html

Fears grow over new Dubai revolt
By Stephanie Kirchgaessner in Washington and James Boxell in London
Published: March 21 2006 20:58 | Last updated: March 22 2006 00:39

Arab and US officials are growing nervous at the prospect of a second congressional uprising against the acquisition of American assets by a Middle Eastern-controlled company in the wake of the Dubai Ports World debacle.

A person familiar with the thinking of both the US and United Arab Emirates said officials were concerned that the pending investigation of Dubai International Capital’s £700m ($1.2m) purchase of Doncasters, a privately-held British aerospace manufacturer that works on sensitive US weapons programmes, including the Joint Strike Fighter, could provoke a similar backlash and further damage the relationship between the two countries.

Although the proposed transaction has not yet drawn much attention in Congress, the first signs of unease emerged on Tuesday when John Barrow, a Democratic lawmaker, released a letter demanding a tour of Doncasters’ Georgia facility.


“It is reported that your facility produces turbine engine parts critical to tanks and military aircraft...one must assume [it] plays a necessary and substantial role in the nation’s ongoing military efforts in Iraq and Afghanistan,” Mr Barrow wrote.