Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

and if the port deal isn't enough:Carlyly Gp profits from foreign visitors

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
NVMojo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 04:32 PM
Original message
and if the port deal isn't enough:Carlyly Gp profits from foreign visitors
Toronto--The controversial Carlyle Group is poised to own the company that pioneered the new radio frequency identification system to be used on foreign visitors to the U.S.A.

The U.S. private equity firm took a 30 percent stake in British defense technology QinetiQ in 2003, pledging an initial public offering (IPO) within five years. The U.K. Ministry of Defense holds 56 percent of the company.

On August 3, QinetiQ said it had signed an agreement to buy U.S. firm Apogen Technologies Inc. for $288-million.

"Apogen is one of the U.S. Department of Homeland Security’s Top 10 contractors and posted revenues of $205.1 million in fiscal 2004, QinetiQ said in a news release." (Reuters, London).

"Our strategy in the U.S. is to penetrate the defense and security markets," Sir John Chisholm said in the release.

Apogen Technologies Inc. owns the technology for high tech scanning of persons entering and exiting the U.S.A. The system, which began testing at U.S.-Canada border crossings last week, requires scanning fingerprints and photographs of visitor’s faces into a computer when someone who wants to enter the U.S. applies for a visa.

The Carlyle Group that invests pension funds in global defense and telecommunications companies has been dubbed "the ex-president’s club". Its members have included former President George Bush and his former Secretary of State Frank Carlucci, former President Ronald Reagan’s former defense secretary and former deputy director of the CIA. Canadian members have included Power Corp.’s Paul Desmarais, Bombardier’s Laurent Beaudoin, former Canadian Ambassador to the U.S. Allan Gotlieb and current Canadian Ambassador to the U.S. Frank McKenna.

The Carlyle Group previously listed James A. Baker, who works for the Department of Justice as the Counsel for Intelligence Policy, as its senior counselor.


more...

http://www.canadafreepress.com/2005/cover081005.htm

how did we miss this one?
Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC