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| China-Japan-Koreas | |
| As Stocks Sink, Pentagon Fears Foreigners Will Buy Control of US Defense Firms | |
| 2020-03-26 | |
Top Pentagon leaders fear the decline in stock prices prompted by the coronavirus outbreak could lead to an increase in foreign investment in — and control of — U.S. defense companies. “The foreign investment issue is something that I’ve been tracking for the last couple of years,” Ellen Lord, defense undersecretary for acquisition and sustainment, said during a Wednesday briefing at the Pentagon. “There’s no question that we have adversarial capital coming into our markets through the various needs.” While concerns about foreign investment in U.S. companies are hardly new, Pentagon officials have become increasingly worried as the pandemic sends markets plummeting. “We have tools to combat adversarial capital, like strengthening and expanding national security investment reviews under the Committee on Foreign Investments in the United States … are more important than ever,” Jennifer Santos, deputy assistant defense secretary for industrial policy, said during Wednesday’’s briefing. “We simply cannot afford to let this period of uncertainty eat into reviews that for investments is shifting into hyper vigilance.” Last year, the Pentagon launched an effort to combat Chinese investment in some niche technology sectors, including small drones. Under the so-called Trusted Capital Marketplace, defense officials would create a list of investors not backed by foreign financiers. | |
| Posted by:3dc |
| #3 And if you actually harm one bureaucrat's career over allowing a sale to Chinese, the rest of them --- in an excess of caution, will do an extra good job. |
| Posted by: g(r)omgoru 2020-03-26 05:49 |
| #2 OTOH, lots of Chinese money is very fungible. And blood is thicker than water but money is thicker than blood. |
| Posted by: M. Murcek 2020-03-26 05:44 |
| #1 We already have laws about this. We also have laws about felons carrying guns. None of them are enforced... |
| Posted by: M. Murcek 2020-03-26 05:42 |