NEC is riding a wave of growing Japanese defense-related spending in the face of heightened geopolitical risk.
Buoyed by a shift in the government’s stance toward military expenditures, NEC is targeting more than 60% revenue growth in its aviation, space and defense unit to ¥400 billion ($2.6 billion) in the three years to March 2026. That growth may include acquisitions, Chief Executive Officer Takayuki Morita said, adding that the company has the capability to finance around ¥400 billion to ¥500 billion worth of deals.
More policymakers recognize that military spending helps the development of cutting-edge sciences and that command of technology bolsters a nation’s defenses, he said.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.