Mitsubishi Heavy Industries (TYO:7011) is facing a record-breaking 13.2 trillion yen order backlog, driven by massive orders for gas turbines and weapons, the Financial Times reported Friday.
Orders skyrocketed in 2025 to nearly four times the 2019-2022 average, fueled by the massive demands of AI infrastructure, the report said.
Meanwhile, Japan's domestic defense budget has doubled to $66 billion over four years, a win for the contractor, according to the report.
However, market analysts are now questioning whether the company can expand its production capacity fast enough to deliver on the orders, the report said.
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