【Japan Himalaya League】 Author: Haixing Translator: Ranting
According to a report published in the Wall Street Journal, Icon, a U.S. aircraft manufacturing company, has accused Pudong Science and Technology of illegally transferring its advanced technology to Communist China, where it could be diverted for military use, thus threatening U.S. national security, according to a Jan. 19 report in the Liberty Times.
Icon Aircraft, a U.S. amphibious aircraft manufacturing company, reportedly filed a notice with the Committee on Foreign Investment in the United States (CFIUS) last August stating that Shanghai Pudong Science and Technology Investment Company began investing in Icon in 2015, and by 2017, the company’s stake was such that it could dominate Icon and began placing people on Icon’s board and management team and pressuring other shareholders while setting up a plan to transfer Icon’s technology to Communist China.
Icon, a carbon fiber aircraft with collapsible wings that can take off and land on land and water and can be converted into a military drone, said it is highly likely that Pudong Science and Technology will use its advanced technology, which was illegally transferred to the Chinese Communist Party, for military purposes, thereby threatening U.S. national security. The company is strongly calling on CFIUS to investigate Pudong Science and Technology Investment’s investment practices.
For its part, Pudong Science and Technology Investment argued that it licensed Icon’s technology to a CCP company in order to prevent Icon from collapsing due to a shortage of operating funds.
Some commentators say that this is a typical means of stealing technology by Communist China through BGY means. CCP companies are all communist agents who purposefully choose target companies to inject large amounts of money and arrange for a company to gain control in the name of investment, after which the technology is then transferred to another CCP company, which eventually acquires the company’s technology smoothly.
Currently, not only is CFIUS investigating CCP-backed Pudong Science and Technology Investment’s investment in Icon, but the Federal Bureau of Investigation (FBI) has also launched an independent investigation into it.
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Posted by: Ranting