The trend of domestic companies strengthening their defense businesses is increasing. Although the companies have been withdrawing from the defense business for the past several years, the government policy to increase defense spending to a total of approximately 43 trillion yen ($292 billion) over the five years starting in FY2023 has driven them. The companies are hiring several hundred human resources to increase orders, which they hope will lead to improved profitability. In the defense business, sales channels are expanding, with the first completed export of domestically produced defens…
Japanese Companies Strengthening their Defense Businesses, Driven by Budget Increases
“FPS-3ME” warning and control radar manufactured by Mitsubishi Electric Corporation delivered to the Philippines in October 2023 as Japan's first completed equipment transfer project
【Image Source】Japan Ministry of Defense:
https://www.mod.go.jp/j/press/news/2023/11/02d.html
02/01/2024 NSBT Japan Editorial Department
East Asia
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