Zero-Fighter Maker Hastens Energy Push With Joint Alstom Bid

Mitsubishi Heavy Industries Ltd.’s joint bid for Alstom SA’s energy business signals its intention to join the top table of equipment makers for power generation.

Building gas turbines and pumps for thermal, nuclear and geothermal power plants already delivers more than one-third of revenues at Mitsubishi, the one-time maker of the Japanese navy’s Zero fighter plane. Moreover, it’s the Tokyo-based company’s biggest contributor to operating profit.