Boeing and Mitsubishi Heavy Industries, Ltd. (MHI) has reached an agreement today, October 23, to reduce costs for the production of the 787 Dreamliner wings and cooperate further to enable sales and competitiveness for both companies.
MHI manufactures 787 composite wings at its factory in Nagoya. The company also supplies Boeing with fuselage sections for the 767, 777 and 777X programs.
The CEOs of both companies expressed their excitement about the agreement.
“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.”