Kawasaki Heavy Targets ¥1 Trillion Defense Revenue as Japan Boosts Spending

Tokyo — Kawasaki Heavy Industries Ltd. is aiming to raise its defense revenue to ¥1 trillion ($6.3 billion) or more by the mid-2030s, according to a plan announced as Japan increases defense spending to address new security challenges.

The move reflects a trend among Japanese industrial conglomerates to expand production capacity and revenue from the defense sector as the government rolls out plans to boost the national security budget.

Further details on the plan and its specific roadmap will be updated as additional information becomes available from the company.