M'bishi Heavy to book special loss on contract change

Tue Feb 5, 2008 11:45pm EST
 
Email | Print | | Reprints | Single Page
[-] Text [+]

TOKYO, Feb 6 (Reuters) - Mitsubishi Heavy Industries Ltd (7011.T: Quote, Profile, Research, Stock Buzz) said on Wednesday it will book a 27 billion yen ($250 million) special loss due to a change in its production contract with Canada's Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz).

The special loss is due to costs arising from the shift of production of aircraft parts from Mitsubishi Heavy to Bombardier. (Reporting by Aiko Hayashi)

 

Featured Broker sponsored link

Editor's Choice

Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

Photo
Bearing Witness
Reuters award-winning multimedia piece, reflecting five years of reporting the war in Iraq.