Defense News
MANILA, Philippines — Japan’s Mitsubishi Heavy Industries has clinched a deal to develop new long-range, precision-guided missiles in a 32 billion yen ($216 million) contract for the Japan Self-Defense Force.
The Ministry of Defense indicated in a news release April 1 that the contract is part of plans to boost standoff missile capabilities as the Asian nation faces multiple regional threats.
The contract with MHI to develop new ground-to-ground and ground-to-ship precision-guided missiles will last until 2028. The ministry expects the new missiles to be completed in 2032.
