After abolishing the five types of weapon exports, defense-related stocks you’ll want to monitor

整理された、2024 fiscal year defense ministry contract award leaders, detailing each company's achievements, main procurements, and characteristics.

1. Mitsubishi Heavy Industries (7011)

• Rank and contract amount: 1st (¥1,456.7 billion)
• Main procurements: Izumo-class destroyer construction with Aegis system, 12-Type anti-ship missiles, fighter aircraft, ships, submarines
• Characteristics:Japan’s largest defense contractor, with more than double the lead over the 2nd place.Its improved Mogami-class escort frigates have been adopted by the Royal Australian Navy, underscoring its strength in overseas expansion.

2. Kawasaki Heavy Industries (7012)

• Rank and contract amount: 2nd (¥638.3 billion)
• Main procurements: Transport helicopters, P-1 fixed-wing patrol aircraft, aircraft, submarines, missiles

3. Mitsubishi Electric (6503)

• Rank and contract amount: 3rd (¥495.6 billion)
• Main procurements: Ship-to-air missiles, measurement and evaluation systems

4. NEC (6701)

• Rank and contract amount: 4th (¥311.7 billion)
• Main procurements: Automatic warning and control systems, naval “Unicorn” antennas
• Characteristics:Leading the development of the high-detectability and stealth “Unicorn” antenna with overseas transfer also in view.

5. Fujitsu (6702)

• Rank and contract amount: 5th (¥173.6 billion)
• Main procurements: Leasing of system equipment, command and control systems, information systems
• Characteristics: Provides cloud services to the Ministry of Defense, among other offerings.

6. Japan Marine United (unlisted)

• Rank and contract amount: 6th (¥161.4 billion)
• Main procurements: Izumo-class destroyer construction, mine countermeasures vessels, transport craft

7. Former Toshiba Infrastructure Systems

• Rank and contract amount: 7th (¥156.9 billion)
• Main procurements: Short-range surface-to-air missiles

8. Nippon Steel & Sumitomo Metal

• Rank and contract amount: 8th (¥120.6 billion)
• Main procurements: Research and prototype railgun, armored wheeled vehicles

9. Itochu Aviation

• Rank and contract amount: 9th (¥97.1 billion)
• Main procurements: Cruise missiles, autocannons

10. Hitachi, Ltd. (6501)

• Rank and contract amount: 10th (¥79.8 billion)
• Main procurements: Underwater unmanned vehicles, mine countermeasure ship sonar systems