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The southward brain drain continues
Jan. 9th, 2008 01:25 pmFrom the Globe and Mail:
"MacDonald Dettwiler and Associates Ltd., the company behind the iconic Canadarm, is selling its space and satellite business to a U.S. buyer, betting its future on the far more terrestrial but profitable world of real estate data."
Yet another iconic part of Canada's aerospace industry vanishes in a sea of stars and stripes. First it was the Avro Jetliner, then the Arrow, now the Canadarm. What's next? Will Com Dev's stock bottom out again, making it vulnerable to a takeover bid? Will Bombardier relocate its main office from Montreal to Texas? Will cold-tolerance testing of aircraft take place in Siberia instead of Nunavut? Canada has the ingenuity to become a world-class player in the next space age, but we're letting it all slip away.
"MacDonald Dettwiler and Associates Ltd., the company behind the iconic Canadarm, is selling its space and satellite business to a U.S. buyer, betting its future on the far more terrestrial but profitable world of real estate data."
Yet another iconic part of Canada's aerospace industry vanishes in a sea of stars and stripes. First it was the Avro Jetliner, then the Arrow, now the Canadarm. What's next? Will Com Dev's stock bottom out again, making it vulnerable to a takeover bid? Will Bombardier relocate its main office from Montreal to Texas? Will cold-tolerance testing of aircraft take place in Siberia instead of Nunavut? Canada has the ingenuity to become a world-class player in the next space age, but we're letting it all slip away.
