Mitsubishi to buy Bombardier's regional jet unit for $550 million
Mitsubishi Heavy Industries Ltd. agreed to buy Bombardier Inc.'s CRJ regional-jet program for $550 million, extending a push into commercial aircraft and setting up a rivalry with Embraer SA and Boeing Co. The Japanese manufacturer will also assume liabilities of about $200 million and take ...
Mitsubishi Heavy Industries to enter European luxury ferry market following restructuring
Mitsubishi Heavy Industries will enter the luxury ferry market in Europe as part of a restructuring of its ship-building business. Its subsidiary, Mitsubishi Shipbuilding Co., will expand production facilities at two shipyards, in Shimonoseki, Yamaguchi Prefecture, and Nagasaki, to prepare for orders from Europe, President ...
Tokyo has secured cost cuts on support equipment for its next batch of six U.S. F-35 stealth fighter aircraft of around $100 million, according to sources and Japanese budget papers, on top of savings being finalized for all buyers of the high-tech jets. The deal ...
Hitachi, Toshiba, Mitsubishi Heavy may integrate nuclear fuel units
Hitachi Ltd., Toshiba Corp. and Mitsubishi Heavy Industries Ltd. are considering integrating their nuclear fuel businesses, sources said Thursday. The tie-up could come in the spring. Their nuclear businesses have been in the doldrums since the 2011 meltdowns at the Fukushima No. 1 nuclear power ...
A prototype of the first Japan-made stealth fighter was unveiled to the media Thursday at a Mitsubishi Heavy Industries Ltd. factory in central Japan. The Defense Ministry's Acquisition, Technology and Logistics Agency displayed the prototype, which was developed by a consortium of domestic companies led ...
Probe launched over abrupt change in MSDF's next chopper pick
A special unit under the defense minister is investigating whistleblower information that the Maritime Self-Defense Force's preferred choice for its next-generation utility helicopters, Defense Minister Gen Nakatani admitted Friday. Although the minister declined to elaborate, ministry sources said Thursday that the MSDF's preferred choice has ...
Japan seen seeking U.K. help to best German bid for Aussie sub deal
A Japanese government team is in talks with at least two top British firms to help a Japanese consortium land one of the world's most lucrative defense contracts, sources in Tokyo said, a $50 billion project to build submarines for Australia. Germany's ThyssenKrupp (TKMS), a ...
