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The goal of this study is to investigate how to become a competitive military ship building company in this rapidly changing business environment. Five military ship building companies participated in this survey. The survey was designed to collect information regarding business environment, strategy patterns, and business outcomes. This study was intended to analyze how the business environment and strategy are related to business outcomes. For analysis of the survey data, we used structural equation modeling since we can extract factors, analyse mutual relations, and perform significant examinations using this model.. The findings of the study are as the following: the factors that sensitively affect the business outcomes include change of purchase conditions, complexity in material cost management, low demand, and good communication among employees. The analytical strategy, among other business strategies, turned out to have more sensitive impact upon business outcomes.