Boeing And Mitsubishi Talks Continue Accords

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Boeing And Mitsubishi Talks Continue Accords

When representatives of Boeing recently met with BAE Systems in the United Kingdom and Mitsubishi Heavy Industries in Japan, rumors circulated that Boeing was shopping around for a merger partner. Though mergers would be highly unlikely, alliances and cooperative agreements are becoming more important in the global economy. Boeing and Mitsubishi, who have cooperative agreements in place likely extended existing agreements, while exploring new opportunities, which could take the form of new alliances or even joint ventures in commercial, space and military aerospace projects. Mitsubishi and Boeing cooperate in the development of rockets for launching satellites, jet passenger planes and jointly offer aircraft maintenance services. A new Mitsubishi-Boeing accord, could see Mitsubishi participating in joint development and production of launch vehicles as well as providing funding.

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April 17, 2000