RealNews

Dubai Firm Cleared to Buy Military Supplier

President Bush yesterday approved the takeover by a Dubai company of U.S. plants that make precision-engineered components for the Pentagon — and this time, the deal stirred little opposition in Congress. The approval allows Dubai International Capital LLC, which is owned by the Dubai government, to take control of nine plants in the United States, some of which supply the military with parts used in aircraft and tanks. The plants are owned by a British firm, Doncasters Group Ltd., which is being purchased by the Dubai company for $1.2 billion. Full Story

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