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#17Largest Defence Co · 2026

Mitsubishi Heavy Industries (MHI)

Japan's defence industrial backbone, expanding under the new five-year procurement framework.

Defence Revenue
$6.0B
HQ
Japan
Founded
1884
Employees
~78,000
Listing
TYO: 7011

Overview

Mitsubishi Heavy Industries is the central pillar of Japan's defence industrial base, now undergoing the slow expansion that the new Japanese defence posture requires. Defence revenue is around USD 6 billion but growing rapidly under the new five-year procurement framework. The Mogami-class frigate, Taigei-class submarine, Type 12 anti-ship missile, and the GCAP sixth-generation fighter co-development with the UK and Italy anchor the portfolio.

Recent Strategic Moves

GCAP demonstrator phase progressing on schedule. Type 12 anti-ship missile range extension delivered. Mogami-class frigate Block II programme initiated.

Flagship Products & Programmes

F-2 / F-15J upgradesMogami-class frigateTaigei-class submarineType 12 anti-ship missileGCAP (with UK and Italy)

Business Categories

Combat AircraftSubmarinesMissilesSurface Combatants