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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mitsubishi Heavy Industries, Ltd.    7011   JP3900000005

MITSUBISHI HEAVY INDUSTRIES, LTD.

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Mitsubishi Heavy Industries : U.S. warship successfully destroys ICBM target in test off Hawaii

11/17/2020 | 04:35am EST

Nov 17 (Reuters) - A U.S. warship has intercepted and destroyed an intercontinental ballistic missile (ICBM) target in a test conducted northeast of Hawaii, the U.S. Missile Defense Agency (MDA) said.

The test, conducted on Nov 16, involved an Aegis Ballistic Missile Defense-equipped destroyer which the MDA did not identify.

"We have demonstrated that an Aegis BMD-equipped vessel equipped with the SM-3 Block IIA missile can defeat an ICBM-class target," said vice admiral and MDA director Jon Hill.

The Standard Missile 3 Block IIA (SM-3 IIA) was developed by a joint venture between Raytheon Co and Japan's Mitsubishi Heavy Industries Ltd.

The ICBM was destroyed outside Earth's atmosphere, Raytheon said in a separate statement.

Hill said the test could augment the Ground-based Midcourse Defense (GMD) system, a network of radars, anti-ballistic missiles and other equipment designed to protect the United States from ICBMs.

"The Department is investigating the possibility of augmenting the GMD system by fielding additional sensors and weapon systems to hedge against unexpected developments in the missile threat," he said. (Reporting by Shubham Kalia in Bengaluru; editing by Jason Neely)


© Reuters 2020
Stocks mentioned in the article
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ADMIRAL GROUP PLC 0.78% 2969 Delayed Quote.2.17%
MITSUBISHI HEAVY INDUSTRIES, LTD. 1.02% 3158 End-of-day quote.0.06%
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Financials
Sales 2021 3 685 B 35 313 M 35 313 M
Net income 2021 15 089 M 145 M 145 M
Net Debt 2021 1 330 B 12 747 M 12 747 M
P/E ratio 2021 51,4x
Yield 2021 2,40%
Capitalization 1 051 B 10 104 M 10 077 M
EV / Sales 2021 0,65x
EV / Sales 2022 0,62x
Nbr of Employees 81 631
Free-Float 91,4%
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Technical analysis trends MITSUBISHI HEAVY INDUSTRIES, LTD.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 10
Average target price 2 946,00 JPY
Last Close Price 3 129,00 JPY
Spread / Highest target 14,4%
Spread / Average Target -5,85%
Spread / Lowest Target -16,9%
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Managers and Directors
NameTitle
Seiji Izumisawa President, CEO, Director & Chief Strategy Officer
Shunichi Miyanaga Chairman
Hisato Kozawa CFO, Representative Director & Executive Officer
Michisuke Nayama Chief Technology Officer & Executive VP
Eisaku Ito CTO, Executive Officer & GM-ICT Solutions
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