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Mitsubishi Electric to see sharp growth for defense business

Chiang Jen-Chieh, Taipei; Rodney Chan, DIGITIMES Asia 0

Credit: Mitsubishi Electric

Mitsubishi Electric expects revenue from its defense system business to soar to at least JPY600 billion (approx. US$4.03 billion) in fiscal 2031, with its operating profit to more than quadruple, thanks to an increase in spending by the Japanese government...

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