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Mitsubishi Heavy's F-35 deal with BAE caught in Japan funding spat -sources
http://economictimes.indiatimes.com/news/international/business/mitsubishi-heavys-f-35-deal-with-bae-caught-in-japan-funding-spat-sources/articleshow/39614086.cms
Mitsubishi Heavy's F-35 deal with BAE caught in Japan funding spat -sources
By Reuters | 4 Aug, 2014, 02.16PM IST
TOKYO: Mitsubishi Heavy Industries Ltd's broader participation in the F-35 stealth fighter program could be delayed by an intra-governmental spat over subsidies, two people familiar with the process said.
The dispute could force Japan's biggest arms maker to renegotiate a deal of undisclosed size with Britain's BAE Systems PLC to supply F-35 rear fuselage parts under an international consortium, the people told Reuters.
"Mitsubishi will likely have to backtrack on its earlier agreement, but if BAE can wait something could be worked out," one of the people said.
The spat exposes a rift between arms industry bureaucrats seeking subsidies to back Japan's part in the F-35 program, and finance ministry officials intent on reining in spending to curb Japan's massive budget deficit.
