# Mitsubishi Heavy Industries (MHI) — #17 in the Defence Trading Rankings 2026

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

- Source: Defence Trading
- Dataset: Defence Trading Rankings, 2026 Edition (ranked by annual defence revenue)
- Rank: 17 of 20
- Country: Japan
- Canonical URL: https://www.defencetrading.com/rankings-2026-edition/mitsubishi-heavy-industries

---

## Key facts

| Field | Value |
| --- | --- |
| Rank (2026) | 17 |
| Headquarters | Tokyo, Japan |
| Founded | 1884 |
| Employees | ~78,000 |
| Defence revenue | USD 6B |
| Total revenue | USD 31B |
| Listing | TYO: 7011 |
| Chief executive | Eisaku Ito |
| Website | mhi.com |

## Segments

- Combat Aircraft
- Submarines
- Missiles
- Surface Combatants

## Flagship products

- F-2 / F-15J upgrades
- Mogami-class frigate
- Taigei-class submarine
- Type 12 anti-ship missile
- GCAP (with UK and Italy)

## Profile

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 moves

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

---

Part of the [Defence Trading Rankings 2026](https://www.defencetrading.com/rankings). Original research by Defence Trading (defencetrading.com), free to cite with attribution and a link to https://www.defencetrading.com/rankings-2026-edition/mitsubishi-heavy-industries.