Dubai's $1.2 Bln Bid for U.S. Weapons Maker Delayed (Update2)
By James Cordahi
March 20 (Bloomberg) -- Dubai, which agreed this month to sell its interest in U.S. ports, said its $1.2 billion takeover of a U.K. company with U.S. plants that make military equipment is delayed while the authorities investigate security concerns.
Dubai International Capital LLC, which is owned by the government of the Persian Gulf emirate, and Doncasters Group Ltd. agreed to delay the transaction by as many as two months from March 31 while government agencies review the purchase, Sameer Al Ansari, Dubai International's chief executive, said in an interview today.
``After what happened with Dubai Ports, the government is looking at this deal more closely,'' Al Ansari said after a press conference in Dubai announcing an agreement with HSBC Holdings Plc.
Dubai's bid may ignite a similar political furor in the U.S. to that the emirate's purchase of London-based Peninsular & Oriental Steam Navigation Co. caused last month when DP World had to agree to sell interests in six U.S. terminals. Revenue from Doncasters' nine U.S. plants, which make parts for tanks and military aircraft, account for about 40 percent of total sales.
The derailing of the ports plan was a setback for President George W. Bush, who was rebuffed by fellow Republicans and stung by polls that showed strong public opposition to the sale. Dubai is one of seven sheikdoms making up the United Arab Emirates, from where two of the hijackers involved in the Sept. 11, 2001, attacks came.
The Committee on Foreign Investment, a federal body which considers the sale of U.S. assets to foreign companies, started a more detailed 45-day investigation into the Doncasters agreement at the end of February, said Al Ansari.
Al Ansari declined to comment on whether the transaction will go through.
Dubai Investments
Dubai International last year spent $1 billion for a stake in DaimlerChrysler AG and 800 million pounds ($1.4 billion) for Tussauds Group, owner of London's Madame Tussauds waxworks museum.
Doncasters, which is based in Melbourne, England, has plants in Rincon, Georgia; Groton, Connecticut, and other U.S. sites. Its customers include Boeing Co. and General Electric Co., according to information on its Web site.
Gulf Arab governments, flush with record oil revenue, are spending billions of dollars on companies from South Korea to the U.S.
Kuwait's state-controlled PWC Logistics, which won a U.S. military contract last year worth as much as $14 billion to feed troops in Iraq, agreed in July to buy Santa Ana, California-based GeoLogistics Corp. for $454 million. GeoLogistics is an international freight management company with operations in more than 100 countries, according to its Web site.
To contact the reporter on this story:
James Cordahi in Dubai at cherifcord@bloomberg.net
Last Updated: March 20, 2006 06:35 EST
Complete Discussion Below: marks the location of current message within thread
Secret service has said "yes" they do have these weapons...
I agree, the U.S. should nEVER stick their nose in any country's business as far as I am concerned; however, with Obama, it is no secret he has never stayed silent with the asian countries but has bowed his way through the muslim countries.... O lovers can think what they want but O is Muslim, will always be Muslim, and that's that....don't really care what anyone else thinks...his silence speaks volumes. O says he wants to "reach out" to the muslim world... well folks, this is his chance to just say something. He doesn't have to interfere and shouldn't.
Don't worry about your precious Obama..... he has no power whatsoever. He is nothing more than a little puppet being pulled by very elite people.... how else do you think he was elected? Sure as heck not because he's qualified!!!
Mousavi is like choosing between bad and evil.... either way, those folks are screwed!! BTW, we should NEVER be involved with the UN. We don't need other countries to decide for us what we should and should not do....
And when you're paying through your nose in Obama's taxes for your wonderful government controlled life, see how much you love him then! And, yes, he will screw you over too!
US program unveils man behind Iraq weapons story sm
U.S. program unveils man behind Iraq weapons story
Thu Nov 1, 7:12 PM ET
NEW YORK (Reuters) - An Iraqi defector made up his claim that Saddam Hussein had biological weapons, a threat cited by the Bush administration as a key reason for the U.S. invasion of Iraq in 2003, the U.S. news program "60 Minutes" said on Thursday.
Rafid Ahmed Alwan, codenamed "Curve Ball" in intelligence circles, claimed to be a chemical engineering expert but was instead an accused thief and a mediocre student, the program said. He arrived at a German refugee center in 1999.
"To bolster his asylum case and increase his importance, he told officials he was a star chemical engineer who had been in charge of a facility at Djerf AL Nadaf that was making mobile biological weapons," "60 Minutes" said in a statement.
President George W. Bush and senior U.S. officials argued that Iraqi leader Saddam Hussein was harboring weapons of mass destruction that threatened the security of the United States.
But no such weapons have been found and what was supposed to have been a short U.S. engagement in Iraq is now in its fifth year, with more than 3,800 U.S. soldiers and tens of thousands Iraqis killed.
"60 Minutes" said it found an arrest warrant for Alwan in relation to a theft from the Babel television production company in Baghdad where he once worked. It said he studied chemical engineering at university but got low marks.
The report, a culmination of a two-year investigation by journalist Bob Simon, is due to be broadcast on the CBS network on Sunday.
"The (then) CIA director George Tenet gave Alwan's information to Secretary of State Colin Powell to use at the U.N. in his speech justifying military action against Iraq," "60 Minutes" said.
That was, the program said, despite a letter from German intelligence officials saying that although Alwan appeared to be believable, there was not evidence to verify his story.
"Through a spokesman, Tenet denies ever seeing the letter," "60 Minutes" said.
"Alwan was caught when CIA interrogators were finally allowed to question him and confronted him with evidence that his story could not be as he described it," the program said.
"Weapons inspectors had examined the plant at Djerf al Nadaf before the fall of Baghdad and found no evidence of biological agents."
WASHINGTON (AP) -- Nonlethal weapons such as high-power microwave devices should be used on American citizens in crowd-control situations before being used on the battlefield, the Air Force secretary said Tuesday.
The object is basically public relations. Domestic use would make it easier to avoid questions from others about possible safety considerations, said Secretary Michael Wynne.
If we're not willing to use it here against our fellow citizens, then we should not be willing to use it in a wartime situation, said Wynne. (Because) if I hit somebody with a nonlethal weapon and they claim that it injured them in a way that was not intended, I think that I would be vilified in the world press.
The Air Force has paid for research into nonlethal weapons, but he said the service is unlikely to spend more money on development until injury problems are reviewed by medical experts and resolved.
Nonlethal weapons generally can weaken people if they are hit with the beam. Some of the weapons can emit short, intense energy pulses that also can be effective in disabling some electronic devices.
On another subject, Wynne said he expects to choose a new contractor for the next generation aerial refueling tankers by next summer. He said a draft request for bids will be put out next month, and there are two qualified bidders: the Boeing Co. and a team of Northrop Grumman Corp. and European Aeronautic Defence and Space Co., the majority owner of European jet maker Airbus SAS.
The contract is expected to be worth at least $20 billion (&euro15.75 billion).
Chicago, Illinois-based Boeing lost the tanker deal in 2004 amid revelations that it had hired a top Air Force acquisitions official who had given the company preferential treatment.
Wynne also said the Air Force, which is already chopping 40,000 active duty, civilian and reserves jobs, is now struggling to find new ways to slash about $1.8 billion (&euro1.4 billion) from its budget to cover costs from the latest round of base closings.
He said he can't cut more people, and it would not be wise to take funding from military programs that are needed to protect the country. But he said he also incurs resistance when he tries to save money on operations and maintenance by retiring aging aircraft.
We're finding out that those are, unfortunately, prized possessions of some congressional districts, said Wynne, adding that the Air Force will have to take some appetite suppressant pills. He said he has asked employees to look for efficiencies in their offices.
The base closings initially were expected to create savings by reducing Air Force infrastructure by 24 percent.
Find this article at: http://www.cnn.com/2006/US/09/12/usaf.weapons.ap/index.html
An John McCain supported the secret sale of weapons...sm
to Iran during Iran/Contra to raise money to support the contras in Nicaragua (sp)when Congress refused to fund them. Talk about criminal activity. IRAN I am telling you, Iran! McCain thinks it is OK to keep you and I in the dark and take us from a democracy to a fascist nation for our "own good". Several republican presidents in my lifetime have been guilty of this. We do need fixing. I do not envy anyone who gets elected. I think I would run the other way. It is not going to be easy, but I have hope with Obama and do not trust John McCain.
Oh yes, closer attention to their oil assets in the Middle East.....remember those invisible weapons
nm
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