TOKYO — Japanese defense manufacturers are cautiously optimistic about 2025, having scored some of the Tokyo market’s biggest gains in 2024.
The CEOs of Mitsubishi Heavy Industries (MHI), IHI and Kawasaki Heavy Industries (KHI) are basking in the limelight. But they are also aware that they now must deliver on the lofty expectations they have set and are racing to build production capacity and reorganize their business portfolios to shift more resources. They have cautioned against rapid breakthroughs, citing various challenges and uncertainties.
