The company is producing critical parts for the U.S. Joint Direct Attack Munition (JDAM) project, more widely known as smart bombs, raising heavy security issues related to the transfer of military technology to the PRC.No ... you think?Magnequench Inc. had been purchased in 1995 by a consortium that included the China-based San Huan New Materials and Hi-Tech Co., created and at least partially owned by the Chinese Academy of Sciences in Beijing.
The Magnequench plant in Anderson transforms neodymium, iron and boron into powder using a unique patented process that produces the exotic rare-earth magnets. Following the buyout in 1995, the production line at Anderson was "duplicated in China" at a facility built by the PRC company. According to South, after the company "made sure that it worked, they shut down" the Anderson facility. South says he suspects the buyout was about getting the technology, adding, "I believe the Chinese entity wanted to shut the plant down from the beginning. They are rapidly pursuing this technology."
This insanity has to stop ... or the fiction in stories like Dragon's Fury will turn into deadly reality. It may do so anyway at this point.
This is happening now, not 4 years ago, and it sounds like a damned broken record!
Lots of good things being said and done as respects Iraq ... but then this is allowed ... which I view as an equal threat short term, and a far greater one in the long term.
It has to stop ... this isn't something Clinton allowed, it is happening now ... IMHO we have to somehow make enough noise over such issues to get the attention of those who are either blind to where it leads, or who are being bought and paid for by the process.