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Boeing Company - Mitsubishi Electric Corporation Collaboration in a New High-Speed Global Communications Service

The Boeing Company and Mitsubishi Electric Corporation (MELCO) are pleased to announce plans to cooperate in the development of a global communications network and other services that will revolutionize the way people travel. MELCO will cooperate with Boeing in many areas such as phased array antennas, satellite transponders, orbital slots, regulatory approvals, and others as a regional partner covering Japan and potentially other Asian markets. Yesterday, Mr. Condit, Boeing's CEO and Chairman unveiled this high-speed global communications service called Connexion by Boeing™ in New York City.

In the past three years, Boeing has developed new architectures and technologies that enable high-speed data communications via a space-based network for moving platforms such as airplanes. The key enabling technology is Boeing's advanced phased array antenna specifically developed for this application which uses existing satellites to provide customers the ability to send and receive data at rates equivalent to cable internet access. MELCO also has developed key technologies related to phased array antennas which is applicable to this project. With Connexion by Boeing™, airline passengers will enjoy a new array of services including Internet and corporate Intranet access, e-commerce, live television and entertainment, e-mail, travel and destination information, and others - all in real time. Airline operators will benefit from in-flight access to aircraft and crew data.

Boeing and MELCO are investing to become leaders in the information technology and mobile economy. Boeing has clearly demonstrated its long term strategy and commitment to this market through its pending acquisition of Hughes Space & Communications. Both companies have developed technologies relevant to digital broadband capability that provides wide bandwidth for mobile communication applications. Both companies acknowledge space based and mobile communications as exciting growth markets and by working together, they will be able to enhance their presence and leadership in the global markets. MELCO's participation in Connexion by Boeing™ is only the beginning of a long term and fruitful collaboration between Boeing and MELCO.

About The Boeing Company
With headquarters in Seattle, The Boeing Company is the largest aerospace company in the world and United States' leading exporter. The company's capabilities in aerospace include commercial jetliners, military aircraft, rotorcraft, electronic and defense systems, missiles, rocket engines, launch vehicles, and advanced information and communication systems. The company has an extensive global reach with customers in 145 countries and manufacturing operations throughout the United States, Canada and Australia.


About Mitsubishi Electric Corporation
With more than 75 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and construction. With operations in 34 countries, Mitsubishi Electric Corporation recorded consolidated group sales of over US$31 billion in the year ended March 31, 1999. Additional information on Mitsubishi Electric Corporation is available at global.mitsubishielectric.com.

For Further Information Please Contact:
Boeing Company, Dr. Mohammad Sadjadpour (03) 5223-1234
Mitsubishi Electric Corp., PR Dept., Mr. K. Hashimoto (03) 3218-2346

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