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Lawmaker upset by silence on another Dubai deal
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Candidate
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| Contributor | RP |
| Last Edited | RP Apr 11, 2006 09:29pm |
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| Category | Opinion |
| News Date | Wednesday, April 12, 2006 02:00:00 AM UTC0:0 |
| Description | A U.S. lawmaker on Tuesday fumed that the Bush administration refused to divulge anything about a security review it is conducting of a Dubai-owned company that is planning to take over several plants in the U.S. that make equipment for defense contractors.
The Committee on Foreign Investment in the United States (CFIUS), an inter-agency panel led by the Treasury Department, is reviewing the $1.24 billion takeover of Doncasters, a British engineering group with U.S. holdings, by state-owned Dubai International Capital.
Doncasters has plants in nine U.S. locations making parts for defense contractors. The Dubai takeover has sparked security concerns from Rep. John Barrow, a Georgia Democrat, who represents a district which has a plant that makes tank engines. |
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