Canada rejects Alliant Tech's satellite purchase
OTTAWA (Reuters) - Canada confirmed on Friday that it would block the proposed US$1.325 billion sale of sensitive Canadian satellite technology to U.S. rocket-maker Alliant Techsystems Inc (ATK.N: Quote, Profile, Research, Stock Buzz).
Canada initially halted the deal a month ago -- in part because it feared it might lose control of top-secret images -- but gave Alliant Tech a month to appeal.
Industry Minister Jim Prentice said in a statement that he still felt the proposed sale by MacDonald Dettwiler and Associates Ltd (MDA.TO: Quote, Profile, Research, Stock Buzz) would not be of "net benefit" to Canada.
(Reporting by Louise Egan; editing by Rory Channing)
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