Friday, April 11, 2008

Canada Bars Sale of Satellite Maker to U.S. Buyer

Ian Austen writes in The New York Times:

The Canadian government blocked the sale of the country’s large space equipment and satellite maker to Alliant Techsystems of Minneapolis on Thursday.

The $1.3 billion bid for the space operations of MacDonald Dettwiler and Associates is the first takeover rejected under Canada’s 23-year-old foreign investment law.

The proposal raised sensitive issues about Canada’s Arctic sovereignty that crossed party lines. It also revived a debate about control of Canada’s aerospace industry that stretches back to a 1959 decision to cancel the development of a Canadian fighter jet in favor of purchasing American aircraft.

More here.


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