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Article: Overseas Firm Buying U.S. Defense Company.(Company overview)
- Article from:
- Satellite News
- Article date:
- May 28, 2008
CopyrightCOPYRIGHT 2008 Access Intelligence, LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An overseas defense contractor announced it will buy outright a U.S. defense-related company, even as a friendly nation vetoed a plan for just a portion of one of its defense- related firms to be bought by a U.S. company.
The juxtaposition showed once more how the United States is open to foreign capital and trade, even as other nations limit buyouts of their companies, limit entry of foreign firms into their industries, limit shipments of U.S. and other goods into their markets, and control values of their currencies in exchange markets.
In one development, Italian firm Finmeccanica, S.p.A. of Milan announced it will buy 100 percent of the stock in ...