Mitsubishi Heavy to revive shipbuilding line for defense equipment in FY 2027

Mitsubishi Heavy Industries Ltd. plans to restart its shipbuilding line in the western Japanese prefecture of Okayama in fiscal 2027, with an eye on building a defense vessel for the Defense Ministry, a source close to the matter said Monday.The planned resumption is aimed at boosting construction capacity amid rising demand for ships, driven by the government's increased defense spending and efforts to promote overseas exports of naval vessels.Located at the main plant of Mitsubishi Heavy Industries Maritime Systems Ltd., a subsidiary in Tamano in the prefecture, the parent company will re…READ FULL ARTICLE