TOKYO -- After sinking 12 years and more than 1 trillion yen ($9.55 billion) into the SpaceJet, Mitsubishi Heavy Industries has decided to suspend its project to build Japan's first homegrown passenger plane in decades.
Aerospace & Defense Industries
How Mitsubishi Heavy's hubris brought SpaceJet down to earth
Delay-plagued $10bn project offers cautionary tale about national pride
The SpaceJet project was intended to propel Japan to the top of the aerospace value chain. (Photo from Mitsubishi Aircraft's Twitter account)
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