The Carlyle Group Does It Again: More Insider Trading?

[JCMach1]

http://thesyndrome.com/
http://www.thesyndrome.com/archives/00000567.htm
Analysis from THESYNDROME.COM

By: JCMach1

Today, we learned that "the U.S. Army said on Monday it was canceling the $39 billion Comanche helicopter program being developed by Boeing Co. and United Technologies Corp., saying it had become obsolete and the money could be better spent on other aircraft." This alone might actually be a good thing. Who needs another multi-billion dollar arms program when the equipment you have can easily do the job with upgrades. What makes this case different is once again The Carlyle groups which owns the majority stake in United Technologies filed to sell a huge amount of shares before the announcement of the cancellation. "Defense contractor United Defense Industries Inc. filed a registration on Friday for the possible sale of up to 12 million shares of its common stock, which it said are held by investment firm The Carlyle Group and other stockholders. Carlyle bought Arlington, Virginia-based United Defense in 1997, and in July the company said it expected Carlyle would sell about half of its remaining stake"...SNIP

[salinen]

1. Poppy Bush's

good ole boys.

[JPZenger]

2. Interesting links

"Carlyle Group to Sell 1.5 Million United Defense Shares
Thursday October 30, 2003

BUSINESS WIRE-United Defense Industries, Inc. (NYSE:UDI - News) announced today that certain of its stockholders, primarily affiliates of The Carlyle Group, sold 1.5 million shares of its common stock, or approximately $50.5 million, in a public offering led by J.P. Morgan Securities Inc. United Defense Industries will not receive any proceeds from the offering."

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Carlyle Group connections to George H.W. Bush, John Major, former Secretary of Defense Carlucci, Former Chief of Staff James Baker, etc:

http://www.hereinreality.com/carlyle.html
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What Carlyle Groups owns:

http://isuisse.ifrance.com/stopcarlyle/uniteddefenseCPI.htm

http://www.globalsecurity.org/military/industry/carlyle.htm
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Carlyle Group connections to Saudi royal family:

http://www.judicialwatch.org/1685.shtml