Mitsubishi Heavy expects profit surge as Japan eases arms export rules

Defense contractor touts frigate sales abroad as contributing to regional security Mitsubishi Heavy Industries' military hardware includes warships like the destroyer “Yoshii”, launched here at its Nagasaki Shipyard in Japan last December. (Photo by Taro Fujii) TOKYO — Mitsubishi Heavy Industries expects full-year net profit to surge as it benefits from the Japanese government's decision to ease restrictions on defense equipment exports.

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