Mitsubishi Heavy Industries’ (MHI) has revealed operating profit for its aircraft, defence and space unit has increased to Y9.4 billion (approximately year $89.1 million) for the first quarter of its 2019 fiscal year. The increase in operating profit was said to be due to a reduction in investment costs for the MRJ regional jet, now known as the ‘SpaceJet’. This is a stark increase compared to when the unit posted an operating loss of Y11.6 billion. Meanwhile, its revenue rose slightly by 1% to Y152 billion for the first quarter, ending 30 June. The firm announced that the value of
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