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Canada Rebuffs ATK’s Attempt To Acquire MDA’s Space Business

DDN

Friday, April 18th, 2008

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Alliant Techsystems' [ATK] plans to bolster its capabilities and offerings for the space market took a hit recently when Canada rejected the company's pending $1.3 billion acquisition of the space and related information systems business of the Canadian firm MacDonald Dettwiler and Associates (MDA). In a brief letter to ATK dated April 8, Jim Prentice, Canada's Minister of Industry, said that "I am not satisfied that your investment is likely to be of net benefit to Canada." Prentice said the…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]