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    8002   JP3877600001

MARUBENI CORPORATION

(8002)
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Marubeni : British company inks electric aircraft deal worth up to $800m

09/22/2021 | 03:21pm EDT

A British manufacturer, leading the transition to carbon free aviation, has inked a deal to introduce its flagship electric aircraft to the Japanese market.

Bristol based Vertical Aerospace has agreed a partnership with Marubeni Corporation, a leading Japanese trading and investment conglomerate to explore sustainable, emissions free aircraft.

City A.M. understands the deal could be worth as much as $800m and will bring Vertical’s signature electric aircraft, the VA-X4, to Japanese buyers with a pre-order option of up to 200 planes.

Stephen Fitzpatrick, Founder and CEO of Vertical said, “Marubeni is one of the most respected companies in Japan, and we are proud to be partnering with them as we look at ways to bring our VA-X4 to the Japanese market.

“This is the most exciting time in aviation for almost a century; electrification will transform flying in the 21st century in the same way the jet engine did 70 years ago and with Marubeni we are confident we have a great partner who can be a part of this transformation,” Fitzpatrick added.

The deal builds on existing commercial partnerships between Vertical and American Airlines, Virgin Atlantic, Avolon, Iberojet and Bristow who with Marubeni have already collectively agreed conditional pre-orders for 1350 aircraft in total with a value of approximately $5.4bn.

Read more: Aviation bosses warn UK sector is falling behind European competitors due to hotel quarantine rules

The post British company inks electric aircraft deal worth up to $800m appeared first on CityAM.

© City AM, source Newspaper

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Analyst Recommendations on MARUBENI CORPORATION
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Financials
Sales 2022 7 126 B 62 280 M 62 280 M
Net income 2022 327 B 2 862 M 2 862 M
Net Debt 2022 1 776 B 15 519 M 15 519 M
P/E ratio 2022 5,12x
Yield 2022 4,84%
Capitalization 1 671 B 14 636 M 14 604 M
EV / Sales 2022 0,48x
EV / Sales 2023 0,47x
Nbr of Employees 42 882
Free-Float 97,2%
Chart MARUBENI CORPORATION
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Marubeni Corporation Technical Analysis Chart | 8002 | JP3877600001 | MarketScreener
Technical analysis trends MARUBENI CORPORATION
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 962,00 JPY
Average target price 1 091,82 JPY
Spread / Average Target 13,5%
EPS Revisions
Managers and Directors
Masumi Kakinoki President, CEO & Representative Director
Takayuki Furuya CFO, Representative Director & Head-IR
Fumiya Kokubu Chairman
Mutsumi Ishizuki Representative Director & Chief Compliance Officer
Takao Kitabata Independent Outside Director
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