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Industry

Mitsubishi posts strong Q3 defence sales, but orders fall

04 February 2015

Mitsubishi Heavy Industries (MHI) - Japan's biggest defence manufacturer - has posted strong increases in defence sales and income up to the third quarter of 2014-15 despite a fall in new orders, it announced on 4 February.

MHI said its Integrated Defense & Space Systems (IDSS) division posted net sales of JPY315.7 billion (USD2.7 billion) and an operating income of JPY18.3 billion. These represent year-on-year increases of 10% and 22% respectively.

The corporation said IDSS third-quarter sales climbed because of "an increase in the defence aircraft and space systems businesses" and that the growth in income "reflected increased sales mainly in space systems".



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