September 14, 2017 | Local, Aerospace, Naval, Land, C4ISR
The Quebecois company Advanced Powders and Coatings (AP&C), which is owned by 3D printing giant Arcam AB, has now officially opened this second factory in Saint-Eustache. It is expected to create over 100 new jobs, and at least half of these positions should be filled by the end of the year.
November 2, 2023 | Local, Aerospace
Yves Giroux says the latest F-35 cost estimate, although its grown by some $4 billion in the last couple of years, is generally in line with expectations.
January 17, 2020 | Local, Aerospace
Maxar announced it signed a definitive agreement to sell its Canadian business, MDA, to Northern Private Capital (NPC). You can read the details in our press release. I would like to assure you that MDA is committed to continuously delivering the high-quality of service that our customers expect. Maxar and MDA will continue normal operations through the expected close of the transaction, which we believe will happen within 12 months, after the standard U.S. and Canadian regulatory approval. After the close, the MDA team will operate as a private, stand-alone company within NPC's portfolio, retaining its name and standing as the leading space and defence company in Canada. MDA will remain an important business partner and supplier to Maxar, and Maxar will be MDA's largest customer. Additionally, the companies will continue to sell each other's complementary satellite data. NPC is a Toronto-based investment firm led by John Risley and Andrew Lapham. It has created a Canadian investment fund to finance this transaction. NPC views Canada's renewed commitment to utilizing space for its civil and defence needs as a strong opportunity to bring MDA home to Canada. MDA will remain dedicated to its work for the Canadian government and as a merchant supplier to the international community. Maxar's leadership team and Board of Directors believe this transaction best positions Maxar for growth in the future. Once closed, it will enable Maxar to reduce its debt load and focus on substantial growth opportunities in its core markets of Earth Intelligence and Space Infrastructure. And likewise, MDA will be able to focus on capturing large, Canadian programs in the future, in addition to addressing commercial and export markets.
April 6, 2021 | Local, Aerospace
La saga des nouveaux avions de chasse pour l’armée canadienne, qui dure depuis plus de dix ans, devrait trouver un certain dénouement l’an prochain, malgré les défis et les retards dus à la pandémie, selon le sous-ministre responsable du dossier.