Canadarm no longer Canadian
MacDonald, Dettwiler and Associates Ltd. is selling the division that developed the distinctive Canadarm space shuttle technology to a U.S. firm as part of a $1.325 billion cash deal.
Apparently the technologies that went into the Canadarm will have better growth potential in the US.
The Journal reported that MDA management had long been frustrated by the difficulty of accessing the U.S. defence market. With U.S. owners, that will no longer be the case.
Well, that's certainly a growth market the way the US runs its foreign policy. I bet we'll be seeing a name change on the arm in the not-too-distant future, though.
