'Secret' report issued on Dubai acquisition

Here we go again!!

The U.S. Treasury's Committee on Foreign Investments in the United States, or CFIUS, has submitted its reported to President Bush regarding the purchase by Dubai International Capital of the Doncasters Group Limited - a move that would put a U.S. defense contractor in the hands of the United Arab Emirates government.

The Dubai acquisition impacts U.S. national security issues because two U.S. factories owned by Doncasters produce precision parts for the U.S. military's new generation F-35 fighter jet and for the M1 Abrams tank, which is currently the U.S. military's mainstay tank. Doncasters also has close corporate relations with Boeing, GE, Rolls-Royce, Honeywell and Seimens.

Read the latest now on World Net Daily at the following link: Dubai Doncasters Group Report

Technorati tags: Dubai, Doncasters, United Arab Emirates, UAE, Trade, Foreign Investments, Treasury, CFIUS, Defense, President Bush, Contract, Contractor, Security, International, Invest