80 FOMO press release · Mitsubishi Electric
Mitsubishi Electric Invests in U.S. Startup Array Labs, Developer of Satellites and Satellite-Borne Radar Systems
AI Executive Summary
Mitsubishi Electric announced that it invested $10 million in Array Labs on July 24, 2026, to support the commercialization of satellite-based information services, particularly for security-related applications. The companies intend to combine Array's modular multistatic radar technology with Mitsubishi Electric's satellite development and manufacturing expertise. Mitsubishi Electric also described Array's plans to launch multiple radar satellites in stages between 2027 and 2028, following successful airborne flight tests. The investment forms part of Array's previously announced $21 million strategic financing.