It’s better than buying Treasuries at this point.
Hell, I figured the Chi-coms probably owned it already.
Isn’t it wonderful being dependent upon a communist country who still very much consider themselves our enemy?
I guess, in an emergency, the Marines could ask 0bama’s permission to take over the facility.
Yeah but look at the price of Tennis Shoes at Wal-Mart! Sounds like a fiar trade to me ... /s
Not to worry, one of the world’s three largest deposits of soft coal is right there in Utah. Oh....wait.
It is routine that when a foreign company buys a domestic concern the defense-related subsidiaries are sold off.
Contracted to manage & operate Y-12 National Security Complex and Pantex Plant (2000 - )
Manage and operate the Los Alamos National Laboratory as part of Los Alamos National Security, LLC (2006 - )
When I worked for B&W NPGD (before McDermott acquired them) back in the 70’s the Nuclear Fuels Division was a hot item. Got my firefighting training down there.
How much scrap iron do we sell the Chinese? Just asking.
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Much ado about nothing. The supplier of U.S. nuclear fuel is not McDermott, but it’s subsidiary Babcox & Wilcock which is headquartered in the U.S. so is subject to U.S. laws governing mergers and acquisitions. McDermott’s primary business seems to be offshore energy extraction which fits hand in glove with PetroChina’s business.