|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||33.00 - 33.00|
|52 Week Range||33.00 - 44.72|
|Beta (5Y Monthly)||0.83|
|PE Ratio (TTM)||14.82|
|Forward Dividend & Yield||1.36 (4.13%)|
|Ex-Dividend Date||Mar 29, 2020|
|1y Target Est||N/A|
Japan's Mitsubishi Heavy Industries said on Thursday it will book a 496.4 billion yen ($4.5 billion) special loss after its aircraft unit delayed the delivery of its SpaceJet regional jet for at least another year until after March 2021. The sixth delay announced by Mitsubishi Aircraft is a fresh blow to Japan's commercial jet ambitions and could stretch Mitsubishi Heavy Industries' finances. The new postponement also means an aircraft that Mitsubishi Heavy had planned to bring to market in 2013, will have to compete against a new generation of regional jets built by Brazil's Embraer SA .
Mitsubishi Heavy Industries Ltd is confident that it has the technical and production know-how to build high-tech wings for Airbus SE jetliners, the chief executive of the Japanese conglomerate said on Wednesday. MHI developed sophisticated production processes at its facility in Nagoya in the process of building wings for the Boeing Co 787 Dreamliner, Chief Executive Seiji Izumisawa said in an interview. It is not yet clear whether Airbus plans to outsource wings on future jets, such as its next-generation single-aisle aircraft, which could come out in about a decade.
Mitsubishi Heavy Industries Ltd is rethinking the timetable for Japan's first new commercial aircraft in 50 years and cannot commit to its target of making initial deliveries by mid-2020, the company's chief executive said on Wednesday. Chief Executive Seiji Izumisawa confirmed delays with a new fuselage for the jet. "Given where we are in the process today, which is we're revisiting the schedule to consider what the schedule will be, everything becomes hypothetical," he said an interview with Reuters, referring to the mid-2020 delivery target to customer All Nippon Airways .
Japan's Mitsubishi Aircraft said on Thursday one of its biggest customers, Trans States Holdings (TSH), has cancelled an order for 50 of its SpaceJet M90s because the aircraft do not comply with U.S. union rules on regional jet use. The scope clause, however was not relaxed as anticipated," Mitsubishi Aircraft president, Hisakazu Mizutani, said in a statement. The TSH cancellation leaves the Japanese planemaker with only 163 firm orders, and will be a fresh blow to Japan's ambition to establish an independent aircraft industry unless Mitsubishi Aircraft can persuade TSH and other U.S customers to switch to its SpaceJet M100, a revamped version of the aircraft that will comply with the U.S. union rule.
Such a delay would be the sixth for the programme, which aims to revive Japan's dormant commercial aviation industry. The plane, this year renamed the SpaceJet instead of the Mitsubishi regional jet, was originally due to enter service in 2013. Jefferies analyst Sho Fukuhara said in a note to clients that the delays, if confirmed, could trigger market concerns about Mitsubishi Heavy Industries Ltd , the planemaker's largest shareholder.
Worthington (WOR) acquires Heidtman Steel Products' pickling and slitting facility, and strengthens its processing capacity for value-added steel.
Chart Industries (GTLS) is poised to gain from a diversified business structure, LNG projects, the acquisition of Harsco's Industrial Air-X-Changers business and a measure to improve operational efficiency.
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The new center is expected to create about 100 jobs in the first year of its operation, Mitsubishi Aircraft Corp said in a statement. Earlier this year, the company agreed to buy Bombardier's money-losing CRJ regional jet business for $550 million in cash to gain access to a global maintenance and support base that could help in SpaceJet sales. Reuters had reported that the center would support the development of Mitsubishi's smaller Spacejet model, the 65- to 76-seat M100 jet, in collaboration with sites in Japan and Seattle.
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During a press conference held just after 6 AM JST, Mitsubishi Heavy Industries Launch Director Atsutoshi Tamura and the Director of JAXA's Tanegashima Space Center Takeshi Fujita detailed what the two partners knew so far about the cause of their aborted HTV-8 mission on Tuesday. The launch, scheduled to take place at 6:33 AM JST, instead was officially scrubbed at around 4:34 AM JST due to a fire on the mobile launcher upon which the Mitsubishi Heavy Industries H-IIB rocket was sitting ready for launch. The fire began at 3:05 AM JST according to Tamura, and efforts began immediately to extinguish it immediately, with the fire finally being completely put out (as far as JAXA and MHI can tell) by 5:10 AM JST.
South Koreans forced to work for Japanese occupiers will seek a court order to forcibly liquidate Japan's Mitsubishi Heavy Industries' assets to compensate them, their lawyers said on Tuesday, risking more Japanese anger over the issue. The question of compensation for South Koreans for labour during Japan's 1910-45 occupation of the Korean peninsula has soured the U.S. allies' relations, which took a turn for the worse this month when Japan restricted exports of high-tech material to South Korea. Japan has denied that the dispute over compensation for labourers is behind the export curbs, even though a Japanese government minister this month cited broken trust with South Korea over the labour dispute in announcing the export restrictions.
South Koreans forced to work for Japanese occupiers will seek a court order to forcibly liquidate Japan's Mitsubishi Heavy Industries' assets to compensate them, their lawyers said on Tuesday, risking more Japanese anger over the issue. The question of compensation for South Koreans for labor during Japan's 1910-45 occupation of the Korean peninsula has soured the U.S. allies' relations, which took a turn for the worse this month when Japan restricted exports of high-tech material to South Korea. Japan has denied that the dispute over compensation for laborers is behind the export curbs, even though a Japanese government minister this month cited broken trust with South Korea over the labor dispute in announcing the export restrictions.