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Aerospace & Defense

Mitsubishi to finalize Bombardier regional jet deal on June 1

Acquisition to lay groundwork for SpaceJet in US despite expected write-down

Mitsubishi Heavy Industries is laying the groundwork for its SpaceJet program in the U.S. and Europe. (Source photos by Reuters)

TOKYO -- Mitsubishi Heavy Industries said Thursday that it will formally acquire Bombardier's regional jet program on June 1, nearly a year after the deal was first announced, but said it will likely write down the entire value of the acquisition.

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