Bush okays Dubai military deal
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Thursday April 27, 2006
President Bush is expected on Friday to announce his approval of a deal under which a Dubai-owned company would take control of nine plants in the United States that manufacture parts for American military vehicles and aircraft, say two administration officials familiar with the terms of the deal, the NEW YORK TIMES will report Friday. Excerpts:
The officials, who were granted anonymity so they could speak freely about something the president had not yet announced, said that the final details had not yet been set and that Bush might put conditions on the transaction to keep military technology in the United States.
But his action is almost certain to attract scrutiny in Congress, because of the political furor that erupted over the administrationís approval of a deal earlier this spring that would have given another Dubai-owned company, Dubai Ports World, leases to operate several American port terminals through its acquisition of a British company, the Peninsular and Oriental Steam Navigation Co.
In this case, the plants in question are owned by Doncasters Group Ltd., a British company that is being purchased for $2.2 billion from the Royal Bank of Scotland Group by Dubai International Capital, which is owned by the United Arab Emirate government.
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