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TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation and Infostellar Inc., a provider of cloud-based ground station services for satellite operators, jointly announced today that Mitsubishi Electric acquired all shares of Infostellar on July 1, making Infostellar a wholly owned subsidiary. Through their collaboration, the two companies aim to expand ground station services for satellite operators, the demand for…

Brussels aims to reduce its trade deficit with China by October, just as an historic heat wave sends locals rushing to buy Chinese-made air conditioners. Analysts see little in Beijing's pledges that would meaningfully reduce the surplus.

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has been awarded a subsidy for the Development of Internationally Competitive Full Digital Payload under the Development and Demonstration of Technologies for Internationally Competitive Communications Payloads, which is being financed by the 2nd phase of the Space Strategy Fund managed by the Japan Aerospace Exploration…

Mitsubishi Electric Corporation delivers solid revenue and operating growth, supported by electrification, semiconductor, datacenter, and defense investments. Despite restructuring costs, operating profit rose, with the life segment—air conditioning and building systems—remaining the largest EBIT contributor. Life is expected to be one of the more important growers in FY27, and it is the highest multiple business,…

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it was selected by the Japan Organization for Metals and Energy Security (JOGMEC) as a contractor to verify technologies that use satellite data to identify and measure sources of greenhouse gas (GHG) emissions. This publicly solicited project will be carried out during the current fiscal year ending in March 2027. Following…