New book by Larry Connors Click here Improve your trading - See how
It is the first overseas order receipt for satellite launch operations using a Japan-made rocket since the government outsourced the manufacturing and launch of domestically built rockets to Mitsubishi Heavy in fiscal 2007.
However, the major Japanese heavy machinery manufacturer declined to disclose the amount of the contract.
The launch of the Korea Multipurpose Satellite-3, or KOMPSAT-3, is slated for fiscal 2011 at the Japan Aerospace Exploration Agency's (JAXA) space center in Tanegashima Island in Kagoshima Prefecture, southwestern Japan, Mitsubishi Heavy said in a press release.
During a meeting in Seoul on Monday, Japanese Prime Minister Taro Aso and South Korean President Lee Myung Bak welcomed the deal, saying the two countries will further advance cooperation in the science and technology fields.
KOMPSAT-3 is capable of higher image resolution than its predecessors KOMPSAT-1 and KOMPSAT-2, and can provide high resolution electro-optical images required for geographical information systems and other environmental, agricultural and oceanographic monitoring applications, Mitsubishi Heavy said.
"Boosted by this first overseas satellite launch services order, MHI now plans to further enhance its marketing activities in both domestic and overseas satellite launch services in a quest to advance the future development of Japan's space industry," said the company, which is in fierce competition with European manufacturers over commercial rocket developments.
JAXA President Keiji Tachikawa said in a statement that he hopes other countries will follow suit in using the H-2A in the launch of satellites.
To see more of Kyodo News International, go to http://www.kyodonews.com Copyright (c) 2009, Kyodo News International, Tokyo Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
