Dubai International is part of Dubai Holding, the third-largest shareholder in DaimlerChrysler.
UAE buys British firm that runs U.S. military facilities
World Tribune | March 4 2006
WASHINGTON — The United Arab Emirates intends to operate U.S. military factories.
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, Middle East Newsline reported.
"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."
proposed Israeli takeover of a U.S. contractor for the American intelligence community.
World Tribune | March 4 2006
WASHINGTON — The United Arab Emirates intends to operate U.S. military factories.
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, Middle East Newsline reported.
"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."
proposed Israeli takeover of a U.S. contractor for the American intelligence community.
