WaPo: U.S. Reviewing 2nd Dubai Firm

A front page story from today's Washington Post discusses yet another UAE owned company with hopes of buying a British company that "make[s] precision components used in engines for military aircraft and tanks." The British company currently owns and operates plants in Georgia and Connecticut. The Committee on Foreign Investment in the U.S. is now reviewing this deal for possible security concerns. Get this: the administration has apparently notified some members of Congress about this deal.

Here's a bit from the story:

Dubai International Capital's acquisition of Doncasters could present some of the same political problems created by Dubai Ports World's purchase of London-based Peninsular and Oriental Steam Navigation Co. Once again, a state-controlled Dubai company with deep pockets is purchasing a British firm with U.S. holdings. Doncasters has operations in nine U.S. locations and manufactures precision parts for defense contractors such as Boeing, Honeywell, Pratt & Whitney and General Electric. [...]

In the case of Dubai International Capital and Doncasters, an acquisition that ordinarily may have been whisked through the process without objection is now under security investigation, administration sources said. Dubai International Capital is the financial arm of Dubai Holding, an investment conglomerate that is the third-largest shareholder of DaimlerChrysler Corp. and is a major investor in Holiday Inn Express in the Middle East.