FOR IMMEDIATE RELEASE No. 3635
TOKYO, October 19, 2023 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its wholly-owned subsidiary Mitsubishi Electric Australia Pty. Ltd. has signed an agreement with the Australian Department of Defence for a joint development project.
This project aims to develop and transition a capability for the Australian military to enhance surveillance and survivability of Australian defense platforms. Development of this capability, based on cutting-edge laser technology developed by Australia's Defence Science and Technology Group, will utilize laser technology fostered by Mitsubishi Electric. With Mitsubishi Electric Australia, Mitsubishi Electric will provide the prototypes and its capabilities.
This project is the first case of a joint development agreement between Japanese company and a foreign government in the defense sector and is a new business model for Japan, which has been promoting transfer of defense equipment and technology through public-private partnerships.
Mitsubishi Electric will promote transfer of defense equipment and technology cooperation.
Note that the press releases are accurate at the time of publication but may be subject to change without notice.