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Japan aiming to boost profitability of defense contractors
The defense industry is said to need a stronger financial base
By SCOTT FOSTER
FEBRUARY 10, 2023
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A Type-12 surface-to-air missile fired by Japan’s Special Defense Forces. Image: Wikipedia
The Japanese Ministry of Defense plans to introduce a framework for raising profit margins on equipment procurement contracts to competitive levels in order to provide an incentive for private companies to remain committed to supplying the Self-Defense Forces (SDF). In view of the tense international situation, Defense Minister Yasukazu Hamada calls it an urgent matter. […]
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TAGGED:AT+ATPlusFumio KishidaJapan Self-Defense ForcesKawasaki Heavy IndustriesMitsubishi ElectricMitsubishi Heavy IndustriesYasukazu Hamada
