Boeing and MHI Agree to Strengthen Collaboration
-- Move to Strengthen Market Competitiveness --

The agreement aims to enable sales by pursuing increased efficiency in MHI's production system and its supply chain through lean production methods, automation and other activities.

"This agreement advances the strong relationship between Boeing and MHI through joint efforts to reduce cost and improve efficiency, with a focus on MHI's production for the 787 Dreamliner," said Boeing Commercial Airplanes President and CEO Kevin McAllister. "Collaboration with suppliers is at the heart of our Partnering for Success efforts, positioning our companies to win in today's competitive marketplace and look ahead to future opportunities."

"We are delighted to be enhancing the competitiveness of our commercial aircraft business with this agreement," said Shunichi Miyanaga, President and CEO of Mitsubishi Heavy Industries. "We have built our partnership with Boeing over more than 40 years, collaborating on various aircraft programs including the 737, 747, 767, 777, 787 Dreamliner and state-of-the-art 777X, and look forward to cooperating to explore future opportunities."

Both companies will continue to enhance their market competitiveness and enable sales through improving cost performance while contributing to the development of future commercial aircraft business opportunities.