SECOND DUBAI COMPANY ENTERS THE PICTURE

A second Dubai-owned company is about to complete the purchase of a British company that operates U.S. plants making parts for defense contractors.

The Doncasters deal would include several U.S. plants that manufacture aerospace turbines, turbine blades, and airfoils for aircraft engines.
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But New York Sen. Charles Schumer, a Democrat, said the news that CFIUS was conducting an extra review of a company making parts for defense contractors only added to his puzzlement about why CFIUS did not initially conduct a 45-day review of the Dubai company that managed port facilities.

"Why do they do a 45-day review for tank engines in a box, but not for possible nuclear weapons in a ship's container?" Schumer said at the banking panel hearing.

Tags: Dubai ports deal, Doncasters Group, defense contractors