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Mitsubishi Heavy Industries Ltd (7011.T)

7011.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mitsubishi Heavy Industries Expects Revenue From Commercial Aircraft Unit To Drop As Much As 30% In Year To March 31
Monday, 11 May 2020 

May 11 (Reuters) - :MITSUBISHI HEAVY INDUSTRIES: EXPECT PROTRACTED DOWNTURN IN COMMERCIAL AEROSPACE BUSINESS AS UNCERTAINTY SURROUNDS BOEING PRODUCTION RATE.MITSUBISHI HEAVY INDUSTRIES: EXPECT REVENUE FROM COMMERCIAL AIRCRAFT UNIT TO DROP AS MUCH AS 30% IN YEAR TO MARCH 31.  Full Article

Hitachi Likely To Pay About $4.6 Bln In Africa Dispute With Mitsubishi Heavy - NIKKEI
Wednesday, 18 Dec 2019 

Dec 18 (Reuters) - NIKKEI::MITSUBISHI HEAVY INDUSTRIES, HITACHI POISED TO SETTLE DISPUTE OVER LOSSES RELATED TO COAL-FIRED POWER PLANTS IN SOUTH AFRICA.HITACHI LIKELY TO PAY ABOUT $4.6 BILLION IN AFRICA DISPUTE WITH MITSUBISHI HEAVY.PROPOSED SETTLEMENT EXPECTED TO BE APPROVED BY BOARDS OF TWO COMPANIES BY WEDNESDAY.MITSUBISHI HEAVY CONSIDERING SELLING FLAGSHIP SHIPYARD IN NAGASAKI.HITACHI IS SOLIDIFYING PLANS TO SELL HITACHI CHEMICAL AND ITS DIAGNOSTIC IMAGING BUSINESS.  Full Article

Triumph To Provide Engineering Services For Mitsubishi Aircraft Mitsubishi M100 Program
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Triumph Group Inc ::TRIUMPH TO PROVIDE ENGINEERING SERVICES FOR MITSUBISHI AIRCRAFT CORPORATION MITSUBISHI M100 PROGRAM.TRIUMPH - TRIUMPH AEROSPACE STRUCTURES WILL DESIGN MAJOR STRUCTURES OF AIRCRAFT OPTIMIZING WEIGHT, COST, AND PRODUCIBILITY IN SUPPORT OF PROGRAM.  Full Article

Mitsubishi Heavy Says It Is Talks To Acquire Bombardier's CRJ Regional Jet Business, No Decision Made
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Japan's Mitsubishi Heavy <7011.T>::SAYS IT IS TALKS TO ACQUIRE BOMBARDIER'S CRJ REGIONAL JET BUSINESS, NO DECISION MADE.  Full Article

MHI Technology Selected For Rovuma LNG Project, Mozambique
Monday, 1 Apr 2019 

April 1 (Reuters) - Mitsubishi Heavy Industries Ltd <7011.T>::MHI TECHNOLOGY SELECTED FOR ROVUMA LNG PROJECT, MOZAMBIQUE.MITSUBISHI HEAVY INDUSTRIES-REACHED DEAL WITH EXXONMOBIL,ITS CO-VENTURE PARTNERS TO SUPPLY H-100 GAS TURBINE,COMPRESSOR PACKAGES FOR ROVUMA LNG PROJECT.  Full Article

El Sewedy Says SEWA Awards Combined Cycle Power Plant EPC Contract To Consortium
Sunday, 31 Mar 2019 

March 31 (Reuters) - EL SEWEDY ELECTRIC CO ::IN CONSORTIUM WITH MITSUBISHI HITACHI POWER SYSTEMS (MHPS), ANNOUNCES SHARJAH ELECTRICITY AND WATER AUTHORITY (SEWA) AWARD FOR EPC CONTRACT OF AL LAYYAH COMBINED CYCLE POWER PLANT.CONTRACT VALUE OF APPROX $550 MILLION.CO'S SCOPE OF WORK, REPRESENTING APPROX. 65% OF PROJECT WORKS, INCLUDES ENGINEERING, PROCUREMENT AND INSTALLATION OF BALANCE OF PLANT.CONTRCT IS FOR 1,026.3 MEGAWATT GAS-FIRED COMBINED CYCLE POWER PROJECT IN AL LAYYAH AND SHALL START PRODUCING ENERGY BY 2020.PROJECT COMPLETION AND STARTUP SCHEDULED FOR MID-2021.FIRST EPC-PLUS-FINANCE POWER PROJECT IN UAE WITH JAPAN'S ECA SUPPORT.JAPAN'S EXPORT CREDIT AGENCY, JBIC SIGNED BUYER'S CREDIT AGREEMENT WITH SEWA FOR THE PROJECT.SAYS PROJECT CO-FINANCED PORTION WILL BE COVERED BY INSURANCE FROM JAPAN'S NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI ).  Full Article

Mitsubishi Heavy Industries Executive Seiji Izumisawa To Be New President Effective April 1
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Mitsubishi Heavy Industries Ltd <7011.T>::EXECUTIVE SEIJI IZUMISAWA TO BE NEW PRESIDENT EFFECTIVE APRIL 1.  Full Article

Moray East Signs Firm Order With MHI Vestas For 950 MW Offshore Wind Project
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - MHI VESTAS, A JOINT VENTURE BETWEEN VESTAS AND MITSUBISHI HEAVY INDUSTRIES<7011.T>, SAYS::SAYS MORAY EAST SIGNS FIRM ORDER WITH MHI VESTAS OFFSHORE WIND.MHI VESTAS CELEBRATED FINANCIAL CLOSE TODAY WITH MORAY EAST FOR THE 950 MW MORAY EAST OFFSHORE WIND FARM AS THE OFFSHORE WIND TURBINE MANUFACTURER SIGNED A FIRM TURBINE SUPPLY ORDER. THE ORDER INCLUDES A 15-YEAR SERVICE AGREEMENT..  Full Article

MHI Vestas To Hire 50 New Employees At Danish Wind Turbine Factory
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - MHI VESTAS, AN OFFSHORE WIND JV BETWEEN VESTAS WIND SYSTEMS A/S AND MITSUBISHI HEAVY INDUSTRIES<7011.T>, SAYS::TO HIRE 50 NEW EMPLOYEES AT NACELLE FACTORY IN REGIONAL DENMARK.IN ADDITION TO ADDITIONAL STAFF AND A NEW TESTING REGIME, THE EXPANSION PLANS ALSO INCLUDE AN ADDITIONAL 10,000 SQ. METERS OF FACTORY SPACE, AND 27,000 SQ. METERS OF STORAGE SPACE FOR COMPLETED NACELLES, EFFECTIVELY DOUBLING THE COMPANY'S PHYSICAL FOOTPRINT AT LINDOE. ."OFFSHORE WIND IS IN THE MIDST OF EXPLOSIVE GROWTH AROUND THE WORLD WITH GOVERNMENTS FROM TAIWAN, THE US, JAPAN, AND MANY OTHERS DECLARING AN APPETITE FOR MORE OFFSHORE WIND," SAYS CHIEF MANUFACTURING OFFICER, ROBERT BORIN.  Full Article

MHI Vestas And CS Wind/Chin Fong Sign Deal For Manufacture Of Wind Turbine Towers In Taiwan
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - MHI VESTAS, A JOINT VENTURE BETWEEN VESTAS WIND SYSTEMS A/S AND MITSUBISHI HEAVY INDUSTRIES<7011.T>, SAID ON TUESDAY::MHI VESTAS SAYS MHI VESTAS AND CS WIND/CHIN FONG SIGN CONDITIONAL CONTRACT FOR LOCAL MANUFACTURE OF TOWERS IN TAIWAN."THE TOWER AGREEMENT BETWEEN MHI VESTAS AND THE CS WIND/CHIN FONG PARTNERSHIP, WHICH WILL SECURE LOCAL PRODUCTION OF OFFSHORE WIND TURBINE TOWERS, IS A SIGNIFICANT STEP FORWARD FOR MHI VESTAS AS IT ADVANCES LOCALISATION EFFORTS AHEAD OF ITS FIRST PROJECTS IN TAIWAN," IT SAID.  Full Article

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Mitsubishi slashes SpaceJet budget, drops variant

Mitsubishi Heavy Industries (MHI) said it was more than halving the annual development budget for its SpaceJet regional jet as the coronavirus pandemic squeezes profit, and will suspend plans for a possible variant seen as key to winning future orders, particularly from U.S. airlines.