Friday, March 23, 2007

Arabs buy companies that make engines for US military tanks and jets.

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.
"The deal is unlikely to have problems in Congress," Sen. Charles Schumer, a leading member of the Democratic-controlled Congress, said.

Entire article here.

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