European Stars and Stripes (Newspaper) - August 21, 1989, Darmstadt, Hesse The stars and stripes monday August 21,1989 3 aerospace corporations to French company of d by Bush by the los Angeles times Washington in another sign of his reluctance to interfere with foreign takeovers of . Corporations president Bush on Fri Day approved the Sale of three Aero space divisions of Fairchild industries to Matra ., a French space and telecommunications company. The . Corporations Fairchild communications & electronics co. Fairchild control systems and Fairchild space co. Produce hardware and software for aerospace systems and spacecraft. Bush s decision followed a re View by the inter Agency committee on foreign investment in the United states which had sought to ensure that Matra developed strict controls to prevent the Transfer of sensitive . Technology to France and other countries. Under the plan approved by the inter Agency committee Matra will place its ownership rights to each company in a separate Trust that would be controlled by . Citi Zens who would be licensed by the department of defense and would have operating at least 10 years. White House spokesman Martin Fitzwater said that the president had decided that these Steps pro vide adequate safeguards to protect sensitive technologies from unauthorized Transfer outside the United the Case was the latest in a series that the administration has consid ered under the 1988 omnibus Trade act which gives the presi Dent new authority to Block foreign acquisition of a company if the takeover threatens National Security. Although the committee has asked some foreign companies to strengthen the terms of a takeover agreement to help protect . Security interests so far it has not blocked a proposed takeover com european weather Tum a cont Stuj Triy Martano. P Brussels t 4am 4om73 93 cow Hajen. I 55 79 in Murt. I 77 90 London p56 o old i 11 it mum i. T61 ii up i 55 a Nom. P 4am4ptt 54 6654 12 52 7973 91 57 73ii 64 73 94 to win to det 13.2nd Weater woo. Tlam tra Rovai. Olla world we temperatures hignlowt7 so x 73 Montreal c ._66 54 Mosco. I 84 64 70 57 Osu. C 68 50 94 64tormo. C 73 5092 66 Vancouver e 72 57 supped by the Aiso Oatrid press. C Cloudy p partly Cloudy. I la. Two. I 0n.e . I Ufton. I Pletchy. Earlier this month the commit tee issued proposed regulations seeking to clarify its procedures and Ward off unnecessary filings. Essentially the Agency wants to consider each application on a Casc by Case basis. The Issue of foreign takeovers has become an emotional one in the face of a new wave of economic nationalism sweeping the United states. Opponents have charged that America will be Selling its economic Independence if the trend continues. But the White House backed by Many economists has argued that the amount of foreign takeovers . Companies is still Small and that to restrict purchases by for Eigners would Hurt . Corporations and Block needed financing from abroad. Exxon cancels project new York a opposition by guatemalan archaeological and environmental officials prompted Exxon corp. To scrap a multimillion Dollar Oil drilling project planned among mayan rums in a rain Forest. I . Temperatures August 18 Alene Tern t Adron Canton c Albany by Albuquerque amen town Ama Lioe anchorages As Nevilier Atlanta Atlantic City c Austin bal More Baton Rouge 6oson.r badge Porlar Burlata . Ca Bouc Casper . C vac cd i 93 77 79 91 73 88 65 79 8775 97 75 99 19 89 89 66 72 74 87 75 77 75 62 83 75 12 to 74 62 59 6064 69 59 00 68 70 73 65 71 51 64 6056 62m 74 57 53 47 41 75 606� Chicago a Kannatis Colorado spas. Columbus. A ,r Corpus Chrotidailas-fiwonh.1 Dayt oar Daytona 8 Orleans nework cites ouch opacity oru Dos phoenu.1 in Buran Portland Ore. 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