Mitsubishi Heavy Industries (MHI) will acquire Bombardier's regional jet program for $550 million. Pursuant to the agreement, MHI will acquire the maintenance, support, refurbishment, marketing and sales activities for the CRJ Series aircraft, including the related services and support network located in Montreal, Quebec, and Toronto, Ontario, and its service centers located in Bridgeport, W.V., and Tucson, Ariz.

This acquisition is complementary to MHI's existing commercial aircraft business, particularly the development, production, sales and support of the Mitsubishi SpaceJet commercial aircraft family. In addition, the maintenance and engineering capabilities of the CRJ program will enhance critical customer-support functions.

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