Minding the Store?
I don't know enough about the subtleties involved in the MDA sale of its satellite Radarsat-2 to a US company to make a definitive comment, but I sure find it puzzling.
Perhaps you can shed some light on this story.
The Federal government has blocked this sale. While many of us, self included, often decry the selling off of valuable Canadian companies to foreign interests, we are also usually committed to the idea that one has the freedom to sell one's products and services, be they legitimate, to anyone we please.
Furthermore, deals like this are done every day.
Or is this deal truly a threat to our own sovereignty? You tell me.
3 comments:
In this case David, it is not so much sovrenity as it is the amount of tax $$$ that was funneled into this company so that the "Canadarm" and other such prestige high-tech toys could be called "Canadian".
In this case I agree that the company has not re-payed back the amount of the public purse poured into it. At least the Patents and important intellectual properties should be secured by 'the crown' before letting another multi-national gobble up the value that thee and me have built with our public dollar equity.
Shades of Pierre E. Trudeau.
Jim Prentice has nixed $1.3 Billion from the hands of MDA and its shareholders and the Canadian economy.
Had the deal gone through, there would have been lots of future business from the U.S.
The $485 million from the federal government is not a subsidy, but payment for future services from the Radarsat-2 sattelite built by MDA's own money.
What utter nonsense you're getting. The US company which wants to buy all of MDA is part of the US military complex providing weapons of destruction to numerous countries around the world. Of course our sovereignty is threatened because their latest invention provides satellite surveillance in an instant to anywhere in the world. We will lose this ability.Ownership of Dextre will be gone. Another concern is who owns the Arctic and the transfer of ownership may play into this current controversy. There is no guarantee that any further contracts will come to Canadian companies because the US is becoming increasingly protectionist. Did you not see the interview with the long time employee, a scientist, who quit the day this sale was announced because of the US company's ties to the military? Hope that answers your qustion. Cheers.
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