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Aerospace & Defense Industries

Mitsubishi Heavy taps automation to halve costs of new H3 rocket

Japanese company seeks edge over SpaceX and others in space business

Japan's next-generation H3 rocket is scheduled to make its maiden launch next fiscal year.   © JAXA and Mitsubishi Heavy Industries

TOKYO -- Japan's Mitsubishi Heavy Industries has enhanced automation in the manufacturing of the country's next-generation rocket, looking to slash production costs by half and boost global competitiveness.

The H3 launch vehicle -- which Mitsubishi Heavy is developing with the Japan Aerospace Exploration Agency, or JAXA -- is set to debut next fiscal year. The rocket will be used to compete for business with the likes of SpaceX.

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