MHI and Arianespace to Jointly Offer Satellite Launch Services, Further Development of Previous 'Back-up' Launch Alliance.Tokyo, Japan, Apr 24, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Mitsubishi Heavy Industries, Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 7011, 'MHI') and Arianespace S.A. have agreed to combine their commercial satellite launch services. The agreement represents a further development of the previous alliance in "back-up" launch services. Going forward, the two partners propose to offer launch services using either MHI's H-IIA or Arianespace's Ariane 5, in order to more flexibly accommodate customers' launch needs at their desired timing. The latest agreement is a further advancement of the cooperative relationship between MHI MHI Manufactured Housing Institute MHI Montreal Heart Institute (Montreal, Quebec, Canada) MHI Median Household Income MHI Main Hawaiian Islands MHI Material Handling Institute and Arianespace in the area of commercial satellite launch support. In 2003 MHI and Arianespace concluded an agreement, also involving Boeing Launch Services Inc., establishing an international "Launch Services Alliance In July 2003, Arianespace joined with Boeing Launch Services and Mitsubishi Heavy Industries to create the Launch Services Alliance. The flagship launchers for the Launch Services Alliance are Arianespace's Ariane rocket, Boeing's Sea Launch platform and Mitsubishi's H-II A vehicle. " to mutually back-up their launches. The earlier alliance aimed to provide customers with alternative launch services by a different alliance member in the event that one alliance partner was for some reason unable to execute a planned launch. The Ariane 5 and H-IIA are the most reliable launchers on the commercial satellite launch market today. Commencing with the new fiscal year that began on April 1, production and management of the H-IIA have been shifted from the Japan Aerospace Exploration Agency The Japan Aerospace Exploration Agency (宇宙航空研究開発機構 (JAXA JAXA Japan Aerospace Exploration Agency ) to MHI. The H-IIA No. 13, scheduled to launch the lunar orbit satellite SELENE this summer, will be the first H-IIA to be launched after its privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned . The enhanced partnership with Arianespace is expected to greatly support MHI's smooth entry into the commercial launch market. About Mitsubishi Heavy Industries, Ltd. Mitsubishi Heavy Industries, Ltd. (TSE: 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers, with consolidated sales of 2,792 billion yen in fiscal 2005 (year ended March 31, 2006). MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry rock·et·ry n. The science and technology of rocket design, construction, and flight. rocketry Noun the science and technology of the design and operation of rockets and air-conditioning systems. For more information, please visit the MHI website at http://www.mhi.co.jp Source: Mitsubishi Heavy Industries, Ltd. Contact: Hideo Ikuno Email: h.ikuno@daiya-pr.co.jp Tel: +813-6716-5277, Fax: +813-6716-5929 Daiya PR (for Mitsubishi Heavy Industries, Ltd.) Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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