Mitsubishi Heavy Industries Announces First-Ever Warship Export Deal with Australia
Mitsubishi Heavy Industries (MHI) shares rose nearly 4% following the announcement of its first-ever warship export deal with Australia, involving the delivery of three upgraded Mogami-class frigates by 2029. The deal is part of Australia's broader military buildup to deter China and marks a significant shift in Japan's defense export policies.
Tickers: $MHI
Topics: defense contracts international trade MHI military build-up shipbuilding