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MHI and Arianespace to Jointly Offer Satellite Launch Services, Further Development of Previous 'Back-up' Launch Alliance.

Tokyo, Japan, Apr 24, 2007 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (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 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" 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 (JAXA) 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. 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 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.)


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Publication:JCN Newswires
Date:Apr 24, 2007
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