A key parliamentary committee issued a report on Thursday supporting the Canadian government’s decision to reject the sale of MacDonald Dettwiler and Associates’ space assets to American defense Contract Alliant Technosystems, the Globe and Mail reports.
“The report, tabled yesterday by the Standing Committee on Industry, Science and Technology and the result of hearings held last month to scrutinize the sale, comes as another blow to a deal already widely seen as on death’s door. Nonetheless, Richmond-based MDA is lobbying Ottawa for a chance to plead its case for the $1.3-billion transaction.”
The report is expected to bolster the decision by Industry Minister Jim Prentice to reject the proposed sale on the grounds that it did not provide “net benefits” to Canada. MDA wants to use profits from the $1.3 billion sale to continue expanding its rapidly-expanding information products business.
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