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Media Arts Group News

News on Media Arts Group continually updated from thousands of sources around the net.

15 hrs ago | CBC News

MDA lands US$21M Boeing contract for International Space Station equipment

“This solution follows MDA's other mission-critical solutions currently supporting the ISS, which includes most recently the Special Purpose Dexterous Manipulator (Dextre)”

MacDonald, Dettwiler and Associates Ltd. said Tuesday its Montreal operation has won a US$21-million contract from the Boeing Co. via CBC News

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Sunday May 11 | Space Ref

Minister of Industry Confirms Initial Decision on Proposed Sale of...

“I have confirmed my initial decision that I am not satisfied that ATK's proposed acquisition of the Information Systems Business of MDA would likely be of net benefit to Canada. I reached this decision after an extensive and rigorous review process”

The Honourable Jim Prentice, Minister of Industry, today wrote to Alliant Techsystems Inc. via Space Ref

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Friday May 9 | The Canadian Press | Posted by The Canadian Press

MDA future dim after space division sale blocked, analysts say

“With the $1.3-billion asset sale dead... potential unusual losses to report, HIPs implementation delays or worse, we see no reason to own the stock”

- Ottawa's confirmation it will block the $1.3-billion sale of MacDonald Dettwiler and Associates Ltd.'s (TSX:MDA) space division, coupled with a slowdown in the real estate sector where the company concentrates its other business, spells tough times ahead for the Vancouver-based firm, analysts say.

Some have slapped a "sell" rating on the stock, believing MDA's future has dimmed, while others said the company has a strong balance sheet and will simply have to tread water until it can update its business plan. Read more

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Wednesday May 7 | CBC News

Tories set to confirm final ruling that stops Radarsat sale to U.S. firm

“That's not part of the process that I followed in terms of reviewing the transaction.”

The Conservative government is set to confirm a final decision on whether Canada's biggest space technology firm will be sold to an American buyer. via CBC News

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Tuesday May 6 | The Globe and Mail

Case for MDA space unit sale disputed

“We have tried non-ownership-related partnerships and although they could satisfy shareholder return, they would not provide a long-term sustainable solution for our employees.”

MacDonald Dettwiler and Associates Ltd. has for months argued that selling its space division to an American company is essential if MDA is to land lucrative American defence contracts. via The Globe and Mail

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Friday May 2 | CBC News

Lack of government vision hurting space industry: Observers

“What we need is a top-down national space policy.”

Hailed as a triumph for Canadian sovereignty, the federal government's decision to block the proposed sale of key units of MacDonald, Dettwiler and Associates Ltd. via CBC News

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Wednesday Apr 30 | Sympatico Finance

MDA executive says firm hasn't given up on space division sale to US company

A top executive with MacDonald Dettwiler and Associates says the company hasn't given up efforts to sell its space division to U.S.-based Alliant Techsystems Inc. via Sympatico Finance

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Wednesday Apr 16 | Bloomberg.com

Barrick, MacDonald Dettwiler, Royal Bank, Rusoro: Canadian Equity Preview

The following companies may have unusual price changes in Canadian trading. Stock symbols are in parentheses, and share prices are from the previous close. via Bloomberg.com

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Monday Apr 14 | The Globe and Mail

Alliant to press Ottawa over MDA veto

“The concern is that, once this satellite is owned by a U.S. company, American legislation on remote-sensing satellites would constrain the company in terms of what it could do to fulfill any obligations it might have to the Canadian government”

Alliant Techsystems Inc. executives will descend on Parliament Hill Monday in a last-ditch attempt to persuade Ottawa to lift its veto of the U.S. company's $1.3-billion takeover of a key part of Canada's ... via The Globe and Mail

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Sunday Apr 13 | Bloomberg.com

MacDonald Dettwiler, Methanex, Nortel, TransAlta: Canadian Equity Movers

The following shares are having unusual price changes in Canada today. Stock symbols are in parentheses after company names, and prices are as of 10:15 a.m. in Toronto. via Bloomberg.com

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