Japan’s defence industry needs to step up its sales effort and reduce costs to become a global player in the fiercely competitive arms exports market, according to an executive at the country’s biggest military contractor.
Masayuki Eguchi, head of Mitsubishi Heavy Industries’ defence and space business, said in an interview with the Financial Times that the group plans to double hiring of defence-related staff to expand weapons production in the wake of Tokyo’s move to increase military spending.
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