TOKYO -- Japan's Mitsubishi Heavy Industries on Friday sharply raised its order forecast on the back of strong demand for its gas turbines in the U.S. and Asia as electricity demand continues to grow from data centers, semiconductor and other energy-intensive industries.
Aerospace & Defense Industries
Mitsubishi Heavy boosts order forecast on data center power demand
Defense business also expected to grow as PM Takaichi vows to lift spending
Mitsubishi Heavy Industries CEO Eisaku Ito: The company's shares have doubled this year, making it one of Japan's 10 most valuable companies. (Source photos by Yoichi Iwata and Reuters)
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