Except by 1958 it wasn't a wholly owned subsidiary of HS in the UK. By then A V Roe Canada was an industrial conglomerate with fingers in many pies, with its own stock market listing for 48% of its shares, with Canadian profits retained in Canada and management with a great deal of freedom. So while theoretically still controlled from Britain the situation doesn't look nearly so clear. And with a company of that size and importance to the Canadian economy there were bound to have been political considerations to be taken into account. Also note that after 1954, Orenda was owned by AV Roe Canada not HS in Britain. While it may not seem an important point, it is when you look at who was giving the orders in the Group management structure. From Wiki:-But not as a dedicated interceptor with nothing to intercept. Instead, make the Arrow fit the roles of the CF-100, CF-101, CF-104 and CF-116. It's maddening to me that as a wholly-owned subsidiary of Britain's Hawker-Siddeley, Avro Canada did not collaborate with head office to create a global multirole fighter. Instead we have Hawker designing the P.1121 at the same time Avro is about the fly the Arrow in 1958. Had the two countries and three company divisions (Hawker-Siddeley also owned Orenda Engines, makers of the Iroquois) collaborated and combined economies of scale, we might have got past the Canadian and British finance and defence departments, and ended up with a multirole competitor to the F4 Phantom - coincidentally, also first flown in 1958.
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Expansion and diversification edit
A.V. Roe Canada was restructured in 1954 as a holding company with two aviation subsidiaries: Avro Aircraft. and Orenda Engines, which began operating under these names on 1 January 1955.[4] Each company's facilities were located across from each other in a complex at the perimeter of Malton Airport. The total labour force of both aviation companies reached 15,000 in 1958.
During the same period, with Crawford Gordon as president, A.V. Roe Canada purchased a number of companies, including Dominion Steel and Coal Corporation, Canadian Car and Foundry (1957), and Canadian Steel Improvement. By 1958, A. V. Roe Canada Ltd. was an industrial giant with over 50,000 employees in a far-flung empire of 44 companies involved in coal mining, steel making, railway rolling stock, aircraft and aero-engine manufacturing, as well as computers and electronics. In 1956 the companies generated 45% of the revenue of the Hawker Siddeley Group.[5] In 1958, annual sales revenue was approximately $450 million, ranking A.V. Roe Canada as the third largest corporation in Canada by capitalization. By the time of the cancellation of the Arrow and Iroquois, aircraft-related production amounted to approximately 40% of the company's activities with 60% industrial and commercial.[6]
In 1956, 500,000 shares were issued to the public at a total value of $8 million. By 1958, 48% of the shares of A.V. Roe Canada were publicly traded on the stock exchange.[7] Although controlled and largely owned by UK-based Hawker Siddeley Group, all profits from A.V. Roe Canada were retained within the company to fund development and growth. Management of the Canadian companies remained in Canadian hands."
So it looks to me like A V Roe Canada was being run pretty much independentlyvfrom HS in the UK. Hence the lack of co-operation between the two entities. In hindsight it seems daft, but there you go.