TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has been awarded a subsidy for the Development of Internationally Competitive Full Digital Payload under the Development and Demonstration of Technologies for Internationally Competitive Communications Payloads, which is being financed by the 2nd phase of the Space Strategy Fund managed by the Japan Aerospace Exploration Agency (JAXA). Mitsubishi Electric was previously selected as a representative org