Dubai Company Takes Over 9 U.S. Military Facilities
As I warned earlier in this column (http://www.chuckbaldwinlive.com/cwarchive_031006.html), a United Arab Emirates company has been given control of some 9 U.S. military facilities. The deal is now official.
According to an AP report that ran in my hometown newspaper, The Pensacola News Journal, on Saturday, April 29, 2006, "President Bush has approved the takeover by a Dubai-owned company of American plants that make parts for jets and tanks after a review that seems to have satisfied lawmakers who helped block an earlier Dubai deal." The AP report also said, "Initial reaction from Capitol Hill was favorable."
Specifically, the Dubai company takes over control of at least nine factories, including military production facilities in Connecticut and Georgia. Dubai settled the deal for $1.2 billion.
Therefore, Dubai will now take over operations of factories that produce engine components and turbine blades for military platforms. Clients include Boeing, General Electric, Honeywell, and Pratt and Whitney. Please understand that when we talk about a Dubai company we are talking about a foreign government!
Does anyone smell a rat?
According to an AP report that ran in my hometown newspaper, The Pensacola News Journal, on Saturday, April 29, 2006, "President Bush has approved the takeover by a Dubai-owned company of American plants that make parts for jets and tanks after a review that seems to have satisfied lawmakers who helped block an earlier Dubai deal." The AP report also said, "Initial reaction from Capitol Hill was favorable."
Specifically, the Dubai company takes over control of at least nine factories, including military production facilities in Connecticut and Georgia. Dubai settled the deal for $1.2 billion.
Therefore, Dubai will now take over operations of factories that produce engine components and turbine blades for military platforms. Clients include Boeing, General Electric, Honeywell, and Pratt and Whitney. Please understand that when we talk about a Dubai company we are talking about a foreign government!
Does anyone smell a rat?
