office in yokohama japan romanized name mitsubishi j k gy kabushiki kaisha type public k.k. traded as tyo 7011 industry engineering electrical equipment electronics founded 1934 ; 82 years ago 1934 headquarters minato tokyo japan area served global key people hideaki omiya chairman shunichi miyanaga president revenue us 39.1 billion 2015 1 operating income us 2.92 billion 2015 1 net income us 0.60 billion 2015 1 number of employees 81 845 divisions marine vessel and ocean power engine machinery and iron structure aviation and space medium size product subsidiaries mitsubishi aircraft corporation mitsubishi caterpillar forklifts mitsubishi fbr systems website www.mhi global.com mitsubishi heavy industries ltd. mitsubishi j k gy kabushiki kaisha informally mhi is a japanese multinational engineering electrical equipment and electronics company headquartered in tokyo japan . mhi s products include aerospace components air conditioners aircraft automotive components forklift trucks hydraulic equipment machine tools missiles power generation equipment ships and space launch vehicles . 2 through its defense related activities it is the world s 23rd largest defense contractor measured by 2011 defense revenues and the largest based in japan . 3 mhi is one of the core companies of the mitsubishi group . contents 1 history 2 operations 2.1 aerospace 2.2 defense 2.2.1 missiles 2.3 energy 2.4 shipbuilding 2.5 wind power 3 products 4 notes 5 references 6 external links history edit the big cranes at the mitsubishi dockyard nagasaki meiji period in 1857 at the request of the tokugawa shogunate a group of dutch engineers began work on the nagasaki yotetsusho a modern western style foundry and shipyard near the dutch settlement of dejima at nagasaki . 4 this was renamed nagasaki seitetsusho in 1860 and construction was completed in 1861 . following the meiji restoration of 1868 the shipyard was placed under control of the new government of meiji japan . the first dry dock was completed in 1879 . in 1884 yataro iwasaki the founder of mitsubishi leased the nagasaki seitetsusho from the japanese government renaming it the nagasaki shipyard & machinery works and entering the shipbuilding business on a large scale . iwasaki purchased the shipyards outright in 1887 . in 1891 mitsubishi heavy industries yokohama machinery works was started as yokohama dock company ltd. its main business was ship repairs to which it added ship servicing by 1897 . 5 the works was renamed mitsubishi shipyard of mitsubishi goshi kaisha in 1893 and additional dry docks were completed in 1896 and 1905 . 4 the mitsubishi heavy industries shimonoseki shipyard & machinery works was established in 1914 . it produced industrial machinery and merchant ships . 6 the nagasaki company was renamed mitsubishi shipbuilding & engineering company ltd. in 1917 and again renamed as mitsubishi heavy industries in 1934 . it became the largest private firm in japan active in the manufacture of ships heavy machinery airplanes and railroad cars . mitsubishi heavy industries merged with the yokohama dock company in 1935 . 5 from its inception the mitsubishi nagasaki shipyards were heavily involved in contracts for the imperial japanese navy . the largest battleship musashi was completed at nagasaki in 1942 . the kobe shipyard of mitsubishi goshi kaisha was established in 1905 . the kobe shipyard merged with mitsubishi heavy industries in 1934 . the kobe shipyard constructed the ocean liner argentina maru later repurposed as the aircraft carrier kaiyo and the submarines the i 19 and i 25 . 7 following the dissolution of the zaibatsu after the surrender of japan at the end of world war ii mitsubishi divided into three companies . mitsubishi nagasaki became west japan heavy industries ltd. the nagasaki shipyard was renamed mitsubishi shipbuilding & engineering co. ltd. in 1952 . 4 the mitsubishi kobe shipyard became central japan heavy industries ltd. in 1950 . 7 in 1964 the three independent companies from the 1950 break up were merged again into one company under the name of mitsubishi heavy industries ltd. the nagasaki works was renamed the nagasaki shipyard & engine works . the kobe works was renamed the mitsubishi heavy industries kobe shipyard & machinery works . 8 in 1970 mhi s automobile parts department became an independent company as mitsubishi motors . mhi participated in a 540 billion emergency rescue of mitsubishi motors in january 2005 in partnership with mitsubishi corporation and mitsubishi tokyo financial group . 9 10 as part of the rescue mhi acquired 50 billion of mitsubishi motors stock increasing its ownership stake to 15 percent and making the automaker an affiliate again . 9 in october 2009 mhi announced an order for up to 100 regional jets from the united states based airline trans states holdings . 11 12 mhi entered talks with hitachi in august 2011 about a potential merger of the two companies in what would have been the largest merger between two japanese companies in history . 13 14 the talks subsequently broke down and were suspended . 15 in november 2012 mitsubishi heavy industries and hitachi agreed to merge their thermal power generation businesses into a joint venture to be owned 65 % by mitsubishi heavy industries and 35 % by hitachi . 16 17 the joint venture is planned to begin operations in 2014 . 16 17 in june 2014 siemens and mitsubishi heavy industries announced their formation of joint ventures to bid for alstom s troubled energy and transportation businesses in locomotives steam turbines and aircraft engines . a rival bid by general electric ge has been criticized by french government sources who consider alstom s operations as a vital national interest at a moment when the french unemployment level stands above 10 % and some voters are turning towards the far right . 18 operations edit the current headquarters of mitsubishi heavy industries in shinagawa tokyo aerospace edit mhi has aerospace facilities in nagoya aichi komaki aichi and mississauga canada . in the defense sector mhi has produced jet fighters for the japan air self defense force and anti submarine helicopters for the japan maritime self defense force as well as aero engines missiles and torpedoes . it produced 139 mitsubishi f 15 fighter aircraft from 1981 and produced 200 sikorsky s 70 family mitsubishi h 60 helicopters from 1989 in both cases under license production . the company also plays an important role in the japanese ballistic missile defense system program . in the civil aircraft sector mhi develops and manufactures major airframe components including fuselage panels for the boeing 777 and composite material wing boxes for the 787 . in the space systems sector mhi is the producer of the h iia and h iib launch vehicles japan s main rockets and provides launch services to jaxa related to the launch vehicles . the company is also involved in the international space station program . on 1 april 2008 mhi established mitsubishi aircraft corporation as a subsidiary to develop and produce the mrj or mitsubishi regional jet a 70 to 90 passenger regional airliner . mhi is the majority shareholder of the new company with toyota motor corporation owning 10 % . 19 on december 12 2012 mitsubishi heavy industries has bought goodrich turbine business 20 previously owned by united technologies . in june 2014 the company joined four other major japanese companies in signing an agreement to build parts for boeing s 777x aircraft . 21 defense edit in 2010 mhi commenced production of the type 10 advanced main battle tank at a cost of 11.3 million dollars per unit to replace the type 90 tank . missiles edit aam 1 japanese missile aam 2 aam 3 aam 4 japanese missile aam 5 japanese missile nike j type 80 air to ship missile type 88 surface to ship missile type 90 ship to ship missile type 91 air to ship missile type 93 air to ship missile energy edit see also mitsubishi fbr systems and atmea the nuclear business of mhi operates facilities in the cities of kobe and takasago in hyogo prefecture and in yokohama kanagawa prefecture . it also operates a nuclear fuel manufacturing plant in t kai ibaraki which processes 440 metric tons of uranium per year . mhi has also developed the mitsubishi apwr design . mhi has also signed a memorandum of understanding with areva for the establishment of a joint venture atmea for their next reactor design atmea1 . 22 mhi has also been selected as the core company to develop a new generation of fast breeder reactors fbr by the japanese government . 23 after that announcement was made mhi established a new company mitsubishi fbr systems inc. mfbr specifically for the development and realization of fbr technology starting what is likely to be the most aggressive corporate venture into fbr and generation iv reactor technology . 24 mhi is currently developing a 15.8 billion nuclear power plant in sinop turkey in partnership with itochu and engie which would be its first overseas nuclear project . 25 mhi attempted to acquire the energy business of alstom in 2014 in order to develop its service network in southeast asia . mhi remains interested in acquisitions in the crude oil and gas sectors as of 2015 . 26 following financial difficulties at areva mhi announced in 2015 it will make a proposal to take a minority ownership stake in areva . 27 shipbuilding edit mhi has shipbuilding facilities in nagasaki kobe and shimonoseki japan . nagasaki shipyard & machinery works mitsubishi juko nagasaki zosenjo is the primary shipbuilding division of mhi . it primarily produces specialized commercial vessels including lng carriers and passenger cruise ships . 28 wind power edit mhi has installed more 3 282 mw worldwide until december 2009 mainly turbines with 1 and 2.4 mw . 29 the company is developing 7 mw turbines for offshore wind power . tests are planned for 2013 in europe . 30 on september 27 2013 mhi and vestas wind systems announced a joint venture to develop offshore wind energy based on vestas v164 8.0 mw turbine . 31 products edit liftoff of the second flight of the h iib expendable launch system the crystal mover an automated people mover manufactured by mhi for airport and light rail applications diamond princess docked in hobart australia mhi s products include aerospace systems aircraft mitsubishi atd x mitsubishi f 1 mitsubishi f 2 mitsubishi f 15j mitsubishi h 60 mitsubishi mh2000 mitsubishi mu 2 mitsubishi mu 300 diamond mitsubishi rp 1 mitsubishi t 2 mitsubishi regional jet rockets and spacecraft h ii rocket h iia rocket h iib rocket htv 1 hayato satellite hyflex kounotori 2 kounotori 3 kounotori 4 n i rocket n ii rocket negai satellite sds 1 sds 4 selene waseda sat2 winds air conditioning and refrigeration systems armoured fighting vehicles tanks desalination equipment diesel engines electric buses energy equipment fossil fuel electricity generation equipment boilers combined cycles 32 gas turbines 33 steam turbines 34 fuel cells renewable energy equipment wind turbines 35 traction batteries . 36 forklifts industrial machinery injection molding machine machine tools compressors paper and printing machinery light rail vehicles crystal mover k stock metro cars with rotem mtr robots meister robot ships and marine structures cruise ships sapphire princess diamond princess ms amadea ms asuka ii o mega built as a small cruise ship but was converted into a luxury yacht between 2002 and 2003 . aidaprima 28 aidaperla ferries lpg carriers oil tankers deep submergence vehicles dsv shinkai 2000 dsv shinkai 6500 chiky ocean going drilling vessel warships atago class destroyer harushio class submarine hatakaze class destroyer kong class destroyer tachikaze class destroyer takanami class destroyer natsushio natsushio class submarine oyashio class submarine s ry class submarine hayabusa class patrol boat musashi yamato class battleship torpedoes turbochargers notes edit a b c financial statements for mitsubishi heavy industries 7011 . businessweek.com . retrieved 2011 05 03 . products . mitsubishi heavy industries ltd. retrieved 27 december 2011 . defense news top 100 for 2011 . defense news . retrieved