Mitsubishi Electric Corp. has signed a contract with the Philippines to deliver an air radar system, marking the first export of a new, complete defense product since Japan's long-held arms trade ban was eased in 2014, the government said Friday.

Mitsubishi Electric will transfer four radars based on a system employed by the Self-Defense Forces for about $100 million (¥10.7 billion), the Defense Ministry said. The radars, which can detect approaching fighter jets and missiles, are expected to improve Manila's surveillance and monitoring capabilities.

"Promoting cooperation with the Philippines on defense equipment is important to secure peace and stability in the region as well as in our country," the ministry said in a statement. "The conclusion of this contract is extremely significant."