God Rest Ye, Merry Gentlemen - Jars of Clay - listen now

Tuesday, April 25, 2006

Dubai II: The Stealthy Sheikh

Oh Good Grief! Can You Say "Ton Of Bricks"? How many different ways can you say "no" before this administration gets it? From TradeArabia:
The US administration will approve this week the $1.2 billion sale of British engineering group Doncasters to Dubai International Capital after initial national security fears, said a report. [...]

The US Committee on Foreign Investments (CFIUS) will conclude its investigation on Thursday, and is in favour of the deal, according to the businessonline website.

CFIUS is part of the executive branch of the US government and makes recommendations to President Bush on whether to block a takeover by a foreign investor which might threaten US national security. When CFIUS concludes its review on April 13, President George Bush will have 15 days to approve the deal. Presidents have rarely gone against a CFIUS recommendation.

Doncasters is involved in the future stealth vertical take-off Joint Strike Fighter, but it is understood not to be involved in the design and manufacturing of classified stealth parts. According to sources, Doncasters’ chairman Alan Bowkett, who owns five per cent equity in the company, thinks these fears are unfounded.
Well gee whiz! Why wouldn't a man like Bowkett, who stands to make god knows how much money on the deal, want people to think such fears are unfounded. We're talking manufacture of sensitive military equipment people. This deal will go over like an e'ffing lead balloon.

ht: Tammy Bruce


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