|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||53.44 - 53.44|
|52-week range||34.17 - 61.21|
|Beta (5Y monthly)||0.56|
|PE ratio (TTM)||15.40|
|Forward dividend & yield||1.18 (2.22%)|
|Ex-dividend date||28 Mar 2024|
|1y target est||N/A|
Japan's Mitsubishi Heavy Industries said on Wednesday it expects to double its defence revenue to about 1 trillion yen ($6.68 billion) over the next three years. During the three-year period starting in April 2027, Mitsubishi Heavy expects annual revenue to top 1 trillion yen due to growth in the defence and space business, presentation material showed.
(Bloomberg) -- Mitsubishi Heavy Industries Ltd. has joined the list of investors in startup Element Energy, which says its technology can prolong the life of batteries, including ones re-purposed from electric vehicles.Most Read from BloombergRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapIsrael Latest: Troops Reported Inside of Gaza Hospital CompoundChina’s Xi Be
Mitsubishi Heavy Industries has doubled its forecast for defence orders to a record 1.6 trillion yen ($10.7 billion) in the current financial year, it said on Monday, as Japan expands its military by the most since World War Two. Tokyo has said it aims to double defence spending to 2% of gross domestic product by 2027 in response to an increasingly assertive China and an unpredictable North Korea. The country's top defence contractor Mitsubishi Heavy makes missiles, tanks, submarines and other defence equipment, and military work accounts for around a tenth of its overall revenue.