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Stock impact report

Mitsubishi Electric Chosen as Prime Contractor of the New Satellite for Innovative Satellite Technology Demonstration-2

MITSUBISHI ELEC UNSP/ADR (MIELY) 
NASDAQ:AMEX Investor Relations: mitsubishielectric.com/company/ir/index.html
Company Research Source: Business Wire
Small Satellite will be Part of Global Constellation for Delivery of New Services TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has been designated by the Japan Aerospace Exploration Agency (JAXA) as the prime contractor of the new satellite for Innovative Satellite Technology Demonstration-2. Under the program, Mitsubishi Electric aims to establish a standardized platform for designing, manufacturing and operating small 100kg-class satellites incorporating standard parts for key functions such as attitude control and power supply. The new platform will enable unified functions and services provided via a global constellation of small satellites.OverviewInnovative Satellite Technology Demonstration-2 is a part of a Japanese government program aiming for the stable supply of core components to the nation’s space program. The purpose of the new satellite developed under JAXA for this program is for in-orbit verifications and demonstrations o Show less Read more
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