Maxar sale of MDA unit could raise sovereignty concerns [Toronto Globe and Mail (Ontario, Canada)]
Maxar Technologies Inc. (MAXR)
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Source: Toronto Globe and Mail
Maxar sale of MDA unit could raise sovereignty concerns Canadians have plenty at stake in MDA Corp., the satellite, radar and space robotics company famous for the Canadarm grabber that ensured the Maple Leaf was emblazoned on space shuttle and International Space Station missions. The country’s space agency is entering a new era that promises more exploration by public and private sectors, putting MDA’s technology front and centre. The company’s equipment and know-how is also critical to helping guard national sovereignty, especially in the Far North. What’s more, taxpayers have funded no small amount of what it has to offer. Now, MDA’s parent company, Maxar Technologies Inc., is said to be seeking a billion-dollar deal to sell the company to help out Maxar’s financial struggles, and that could include foreign bidders. An old worry is cropping up again: Such a transaction could put at risk MDA’s stable of space, defence, maritime and satellite imagery and communications technology. S
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