Japan has struggled to export cutting-edge defense equipment. However, past disappointments have been turned on their head after Japan won selection for a lucrative Australian frigate requirement worth up to US$6.5 billion.

Japan’s Mitsubishi Heavy Industries won a multi-billion dollar deal to build a fleet of advanced naval frigates for Australia, boosting Tokyo’s ambitions to become a major exporter of military equipment and develop its defense sector.

The Australian government aims to sign binding, commercial contracts with Mitsubishi Heavy and the Japanese government in 2026.