IHI Pins Hopes on 7E7 Contract
There's plenty for IHI to hope for in a 7E7 engine contract. Its near-term future is not bright: Its workforce is expected to drop to 7,000 from 8,200 by March 2006 owing to declining workloads, and it's expected to report a $371-million loss for fiscal 2003, which ended Mar. 31.
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