The Financial Post reports in its Saturday edition that after buying a major stake in a company looking to build a deepwater port in the Arctic, Atco says it is looking for more deals, particularly in Canada's North. Postmedia's Steven Wilhelm quotes Jim Landon, president of Atco Frontec, which handles the company's defence contracts, saying, "There is an immense opportunity available to us, but bold ambitions for the Arctic can only be achieved if we do it together and with Northern communities leading the way." The company launched Atco Frontec in 1987 to help operate and maintain the North Warning radar system, which detects aircraft and cruise missiles across swaths of Arctic airspace. That arm of the business went on to provide support services at Kandahar Airfield in Afghanistan for close to a decade, along with several NATO contracts. Earlier this week, Atco announced it will buy a 40-per-cent stake in a company that plans to build a deepwater port along the Northwest Passage. The proposal, called the Grays Bay Road and Port project, is on Ottawa's major projects list for fast-tracking and would create the first overland connection between the Arctic Ocean deepwater and North America's highway systems.