In an unprecedented move, the Canadian government blocked the sale of the country’s large space equipment and satellite maker Thursday to an American company, amid concerns over Canada’s sovereignty and U.S. national security laws.
The rejection of a $1.3 billion bid by Alliant Techsystems of Minneapolis for the space operations of MacDonald Dettwiler & Associates is the first under Canada’s 23-year-old foreign investment law.
Canada blocks sale of satellite company to U.S. firm - International Herald Tribune
