Business · Companies · 19 hrs ago
Kawasaki Heavy targets 1 trillion yen in defense sales by mid-2030s
Kawasaki Heavy Industries plans to increase its defense sales to at least 1 trillion yen in the mid-2030s.
The Japanese company estimates defense sales of about 510 billion yen in the current fiscal year, so the new goal is nearly twice that level.
It also raised its target for fiscal 2030 to 700 billion to 800 billion yen, from 500 billion to 700 billion yen.
Japan is increasing defense spending and seeking to strengthen its domestic defense industry as it responds to new security challenges.
Russia’s invasion of Ukraine and its use of drones have highlighted the need to prepare for newer forms of warfare.
Kawasaki aims to develop drones that work with crewed aircraft, as well as unmanned underwater vehicles.
The company also plans to invest in physical AI and use it in industrial robots for areas including semiconductors and shipbuilding.
Kawasaki Heavy Industries plans to raise defense sales to at least 1 trillion yen in the mid-2030s.
That would be about double the roughly 510 billion yen estimated for the current fiscal year.
The company also raised its fiscal 2030 defense sales target to 700 billion to 800 billion yen.
Its plans include developing unmanned aircraft that work with manned aircraft and unmanned underwater vehicles.
The move comes as Japan increases defense spending and seeks to strengthen its domestic defense industry.
- Who
- Kawasaki Heavy Industries, a Japanese heavy machinery maker.
- What
- It aims to reach at least 1 trillion yen in defense sales in the mid-2030s and raised its fiscal 2030 target.
- When
- The plan was released on Tuesday; the 1 trillion yen target is for the mid-2030s.
- Where
- Japan.
- Why
- Japan is increasing defense spending and strengthening its defense capabilities amid new security challenges.
This story does not have two clearly opposing sides.
basic policy of being exclusively defense-oriented remains unchanged
Russia launched its full-scale invasion of Ukraine, and its increased use of drones served as a wake-up call for countries including Japan.
Kawasaki Heavy released its plan and revised its fiscal 2030 defense sales target upward.
Kawasaki Heavy aims to reach at least 1 trillion yen in defense sales.
- Current fiscal year
- Defense sales estimated at approximately 510 billion yen
- Fiscal 2030
- Defense sales target raised to 700 billion to 800 billion yen
- Mid-2030s
- Target of at least 1 trillion yen in defense sales
- Development plans
- Unmanned aerial vehicles to collaborate with manned aircraft, and unmanned underwater vehicles
Sources
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