Japan MoD Secures $2.5 Billion To Build Two ASEV For FY2024

December 21, 2023

Naval News

The Japanese Ministry of Defense (MoD) on December 19 announced it has secured $2.59 billion (373.1 billion yen) for fiscal year 2024 from the Ministry of Finance to build two Aegis System Equipped Vessels (ASEV), which are alternatives to Japan’s now-scrapped plan for a land-based Aegis Ashore ballistic missile defense system.

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