WASHINGTON [MENL] -- The United Arab Emirates intends to operate U.S. military factories.Article here
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."
04 March, 2006
got controversy?
The UAE is fast becoming a controversy generator....
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