Japan's Mitsubishi Heavy Industries sees shares jump nearly 4% on first ever warship export deal Stock chart icon Mitsubishi Heavy Industries Ltd 7011.T-JP : Tokyo Stock Exchange 4,550.00 ...
MITSUBISHI ELEC UNSP/ADR (MIELY)
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The new frigates, based on the upgraded Mogami-class frigate, will replace the current ANZAC-class in the Australian Navy. The first three ships will be built by MHI, with the remaining 8 being built in Australia. In this article Australia's Deputy Prime Minister and Minister for Defence Richard Marles (L) and Japan's Minister of Defense Koizumi Shinjiro (R) pose for a photo with Eisaku Ito, Pesident and CEO of Mitsubishi Heavy Industries, before the signing of the contract for Japan to deliver the first three of Mogami-class warships, in Melbourne on April 18, 2026. Japan agreed on April 18 on a deal to provide Australia's navy with the first of almost a dozen stealth frigates, part of a wider military build up by Canberra aimed at boosting its long-range firepower to deter China. Shares in Japan's largest defense company Mitsubishi Heavy Industries climbed nearly 4% Monday after the country finalized an agreement with Australia for building three general purpose frigates.
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