Japan's new security framework with Britain is expected to generate few immediate changes to the defense profiles of either country but is widely regarded as a boon to contractors in the industry.

Japan and Britain are already involved in research into joint development of new equipment and their foreign and defense ministers endorsed a further push in that direction during two-plus-two talks in London last Wednesday, their first such meeting.

The four ministers said in a statement that they "decided to pursue other cooperation projects" in addition to the ongoing joint study and preparatory research on a missile component.