Federal authorities are investigating Chinese investment in a California-based plane maker after shareholders alleged that the firm’s technology was being transferred to China, The Wall Street Journal reported.
The FBI and the Committee on Foreign Investment in the U.S. (CFIUS) have launched separate reviews of Chinese investment in small plane manufacturer Icon Aircraft Inc., according to the WSJ, which cited company documents and people familiar with the matter. The authorities are investigating allegations that technology from the company with military applications was transferred to China.
