Business Wire
28 Jul 2026, 03:00 UTC · 2h ago
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OKI signed a supply contract with Mitsubishi Heavy Industries to provide towed passive sonar and equipment for Australia's new general-purpose frigates. — Direct revenue growth for OKI via a high-value defense contract linked to a major international naval project.
+0.40The contract specifically covers equipment for the first three vessels in a planned fleet of eleven frigates. — Provides immediate near-term visibility for orders while suggesting potential for significant future expansion across the remaining eight ships.
+0.20Which stocks this story touches
OKI signed a new supply contract for sonar equipment for Australian frigates.
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Mitsubishi Heavy Industries secured a contract for frigates and is partnering with suppliers for equipment.
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Reuters
3h ago
