Question-and-Answer Session
Certainly. [Operator Instructions]. We'll hear first from Robert Spingarn with Credit Suisse.
Pete Sibitsky - Credit Suisse
It's Pete Sibitsky. How are you guys?
John L. Shroyer - Senior Vice President and Chief Financial Officer
Hi Pete.
Pete Sibitsky - Credit Suisse
Dan, on MDA, just want to get a sense, are you getting any pushback from either the Canadian or the US regulators? How is it going there? And also do you think you will have to issue any equity to finance it?
Daniel J. Murphy - Chairman and Chief Executive Officer
We have already spoken about the possibility of equity. At this juncture, we don't have anything further to say about that. Regarding regulators, we see no difficulty with either US or Canadian regulators. We have decided to apply for approval under the Canada Investment Act, which is not a? probably a three-month process of discussions with Canadian industry officials to assure them that this particular transaction would not have an impact... negative impact on Canadian industry. We've gotten some spirited discussion in the Canadian press associated with continuation of the hollowing out of Canadian industry. And in fact, what we're doing is ensuring the strength of the Canadian space infrastructure by opening new markets to it. But, that dialog will play out? it will play out in the Canadian legislator and we're confident in the end that we're going to be just fine. But, it's complicated.
Pete Sibitsky - Credit Suisse
Just one follow-up for now. Any plans to protest the MRM decision?
Daniel J. Murphy - Chairman and Chief Executive Officer
No. We don't. We actually think that our competitor had a bit of a better solution than we did.
Pete Sibitsky - Credit Suisse
Okay. Thanks, I'll get back into the queue.
Daniel J. Murphy - Chairman and Chief Executive Officer
Okay.
Operator
And we'll take our next question from Robert Stallard with Banc Of America.
Robert Stallard - Banc Of America Securities
Good morning guys.
Daniel J. Murphy - Chairman and Chief Executive Officer
Good morning.
Robert Stallard - Banc Of America Securities
Just a follow-up on the MRM. [inaudible] a couple of contracts you didn't win this year, although you’ve had fantastic bookings. Do you think there is anything as a business that you'd draw your conclusions from these contract decisions that you can work on to improve going forward?
Daniel J. Murphy - Chairman and Chief Executive Officer
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