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  • Nov 2nd, 2005
  • Comments Off on Mitsubishi Electric wins commercial satellite order
Mitsubishi Electric Corp said on Tuesday it has won an order for a satellite from Space Communications Corp, breaking into Japan's commercial communications satellite market.

Mitsubishi Electric has been active as a parts supplier for overseas satellite projects and as a prime contractor for government-sponsored projects in Japan. But this is the first time it has won an order for a commercial communications satellite in Japan.

The commercial satellite market is dominated by cost-competitive US giants such as Boeing Co and Lockheed Martin Corp.

Mitsubishi Electric, Japan's fifth-largest electronics conglomerate whose products range from flat-panel TVs to vacuum cleaners, declined to comment on the size of the order.

Copyright Reuters, 2005


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