Saturday, March 22, 2008

Ruling on sale of Canadarm, Radarsat to U.S. arms-maker delayed 30 days

OTTAWA — The controversy over whether cutting-edge, taxpayer-subsidized Canadian space technology should be sold to an American arms-maker will rage for another month.

Industry Minister Jim Prentice, facing a Saturday deadline to approve or reject the sale of the Radarsat 2 satellite and the iconic Canadarm, has decided to exercise a 30-day extension.

The move delays but does not avert a politically volatile decision over whether to permit Vancouver-based MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) to sell its space technology division to Alliant Techsystems (NYSE:ATK) of Minneapolis.

ATK is a major contractor to the U.S. military, supplying munitions, mines and booster rockets.

To read more of this content at the Canadian Press, click here.

No comments: