The Bush administration has approved a takeover by the United Arab Emirates of a leading subcontractor for the U.S. military.
President Bush has endorsed a recommendation of the Committee on Foreign Investment in the United States for a UAE state-owned company to acquire the British-based Doncasters Group. Doncasters, with nine factories in the United States, has produced components for aircraft and main battle tanks.
"This was a transaction that was thoroughly reviewed and closely scrutinised," White House press secretary Scott McClellan said. "In the view of the committee, it does not compromise our national security."
As part of the administration approval, Dubai International signed an agreement that promised an uninterrupted supply of spare parts to the U.S. military, McClellan said. He said the UAE firm was also committed to keeping military technology in the United States.
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