Boeing Mitsubishi Heavy Industries Confirm Expanded Relationship

The Boeing Company and Mitsubishi Heavy Industries, Ltd. (MHI) today confirmed the signing of a Memorandum of Understanding to expand their broad cooperative relationship covering aerospace and other business areas. Boeing and MHI have been working closely together for more than 30 years, and this agreement extends that long and mutually beneficial relationship.

In recent months, Boeing and MHI have cooperated in developing programs for space businesses, such as the announcement of a joint effort to design and develop a new upper-stage propulsion system, designated the MB-XX. In addition, Boeing and MHI continue feasibility studies of mutually beneficial projects involving commercial jetliners, electronic systems, launch vehicles, and manned and unmanned space systems.

Through investments and other initiatives, Boeing and MHI are focused on securing and expanding their respective leadership positions in aerospace. The companies will work together on a broad range of aerospace activities to provide customers with innovative products and services, complete solutions that enhance global competitiveness, lower costs, and improve quality.

The Boeing Company has had a long-standing, cooperative relationship with Japan. Boeing is the leading provider of commercial jetliners to Japanese airlines, a major supplier of military equipment and aircraft to the Japanese Defense Agency, and a significant customer of, and partner with, Japanese industry.

For further information:
Bob Saling
(206) 766-2914
Pager 1-800-946-4646, Pin #1454860
Hiroyuki Okada
Mitsubishi Heavy Industries Ltd.