Mitsubishi Heavy Discusses US Armored Vehicle Tie-Up After Losing Sub Deal
September 3, 2016
Mitsubishi Heavy Industries (MHI) is in talks with an unidentified U.S. company over a possible partnership to develop an armored vehicle that for the first time could see a Japanese firm build arms for a foreign customer, a senior executive said.
MHI is moving forward in the talks in the wake of its failure, as part of a Japanese government bid, to win a $40 billion contract to sell submarines to Australia.