The United Arab Emirates is out to get yet another American company that helps provide our defense. Oh, but the government says it’s A-OK…
Rejected on ports deal, UAE to buy 2 U.S. aerospace firms
WASHINGTON ? The United Arab Emirates was expected to purchase two aircraft engine repair firms in the United States.
Officials said that neither the Bush administration nor Congress would block a purchase by the UAE state-owned Dubai Aerospace Enterprise of two U.S. aerospace companies. They said the proposed DAE purchase of Landmark Aviation and Standard Aero Holdings Inc. would not be deemed a security threat.
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DEA, a $15 billion aerospace conglomerate, has been negotiating with the Washington-based Carlyle Group for the acquisition of Landmark and Standard Aero. Executives said the deal could be worth close to $2 billion.
Landmark owns 33 business aircraft terminals in Canada and the United States. Standard Aero has only repair facilities. Landmark maintains contracts with the U.S. Air Force and its employees undergo security checks.
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I think every deal like this is a security problem, but it seems the UAE may soon own yet another company that is supposed to help keep America secure.
Hat tip Michael Savage.
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March 27th, 2007 at 9:54 pm
[...] Flying imams shot down by Congress A plateau for now, but more action is in the air. Google Stupidity and See if Rosie Comes Up How Many Defense Companies Does the UAE Need to Own for it to be a Security Issue? [...]
March 30th, 2007 at 12:47 am
[...] Posted by healtheland on March 30th, 2007 See link here. I wonder if Dick Cheney’s Halliburton pals (see here as well) had a say in this decision? There are really only two angles to this story: 1) it looks like Bush WILL attack Iran before his term is out (and the Democrats aren’t going to stop it) and 2) Bush let his oil industry buddies in the United Arab Emirates know this bit of trivia before he bothered to let the American people know. [...]