All articles tagged with #mitsubishi heavy industries
Mitsubishi Heavy Industries won Australia’s first-ever warship export contract, a AU$10 billion deal to build three upgraded Mogami-class general-purpose frigates for the Royal Australian Navy, with the first ship due in 2029; Australia plans up to AU$20 billion for 11 frigates, the first three built by MHI, and the deal helped lift MHI shares about 4% as Japan weighs loosening arms-export rules.
Mitsubishi Heavy Industries has rescheduled the launch of its H-IIA rocket carrying a moon lander for Thursday morning, after unfavorable wind conditions caused a postponement last month. The rocket is set to take off from the Japan Aerospace Exploration Agency's Tanegashima Space Centre in southern Japan. The H-IIA rocket has been Japan's flagship space launch vehicle, with a successful track record since 2001. Japan may provide a subsidy of about 10 billion yen ($68.4 million) to JAXA in fiscal 2024 to support aerospace development initiatives.
Japan's space agency, Mitsubishi Heavy Industries (MHI), has suspended the launch of a rocket carrying Japan's first spacecraft to land on the moon due to high-altitude winds. The H-IIA rocket, with a 98% success rate, was postponed less than 30 minutes before liftoff. The new launch date has not been decided but will be no earlier than August 31. The rocket is carrying JAXA's Smart Lander for Investigating Moon (SLIM) and an X-Ray Imaging and Spectroscopy Mission (XRISM) satellite. Japan's space missions have faced recent setbacks, including the failure of the Epsilon small rocket and an engine explosion during a test.
Japan's Defense Ministry has signed contracts worth $3 billion with Mitsubishi Heavy Industries to develop and mass-produce long-range missiles, including enhanced versions of Type 12 missiles and a hypersonic ballistic missile for the defense of remote islands. The development plan is based on a new National Security Strategy that Japan announced in December as it seeks to significantly increase its military power to deter potential threats from China, North Korea, and Russia. Japan plans to nearly double its military spending over the next five years to $372 billion.