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mitsubishi heavy industries (7011) Details

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. The company’s Energy & Environment segment offers optimal solutions in the energy-related fields of thermal power, nuclear power, and renewable energy; water and flue gas treatment; and chemical plants and other industrial infrastructure elements. Its Commercial Aviation & Transportation Systems segment delivers advanced land, sea, and air transportation systems, including civil and commercial aircraft, commercial ships, and transit networks, as well as shipbuilding and ocean development services. The company’s Machinery, Equipment & Infrastructure segment offers products that form the foundation of industrial development, such as machine tools, material handling, construction machinery, air-conditioning and refrigeration systems, turbochargers, metals machinery, mechatronics systems, compressors, and environmental systems. Its Integrated Defense & Space Systems segment provides integrated land, sea, air, and space defense systems, including naval ships, military aircraft and helicopters, missile systems, torpedoes, rockets, armored combat vehicles, defense aircraft, and launch vehicles, as well as space-related services. Mitsubishi Heavy Industries, Ltd. was founded in 1884 and is headquartered in Tokyo, Japan.

83,932 Employees
Last Reported Date: 06/23/16
Founded in 1884

mitsubishi heavy industries (7011) Top Compensated Officers

Chief Executive Officer, President and Repres...
Total Annual Compensation: ¥123.0M
Senior Executive Vice President, Chief Execut...
Total Annual Compensation: ¥88.0M
Executive Vice President, Chief Executive Off...
Total Annual Compensation: ¥82.0M
Executive Vice President and General Counsel
Total Annual Compensation: ¥84.0M
Compensation as of Fiscal Year 2016.
mitsubishi heavy industries
NTT Data and Mitsubishi Heavy Industries Sign an Agreement to Establish New Company

NTT Data and Mitsubishi Heavy Industries (MHI) have signed an agreement to establish a new company that will be based on the existing MHI Information Systems (MHIIS). Detailed discussions are now underway toward the new enterprise's creation.

Mitsubishi Heavy Industries, Ltd. Appoints Akira Shiki as Senior Vice President, Vice President, Industry & Infrastructure, Effective May 1, 2017

Mitsubishi Heavy Industries, Ltd. announced that Akira Shiki, executive-level personnel change from President of UniCarriers Corporation to Senior Vice President, Vice President, Industry & Infrastructure, effective May 1, 2017.

Southern California Edison Company and Edison Material Supply LLC Receive Decision from the International Chamber of Commerce International Court of Arbitration on Claims Against Mitsubishi Heavy Industries, Ltd

On March 13, 2017, Edison International’s subsidiaries, Southern California Edison Company (SCE) and Edison Material Supply LLC, received the decision from the International Chamber of Commerce International Court of Arbitration on claims against Mitsubishi Heavy Industries, Ltd., and a related company regarding the failure of the replacement steam generators that MHI supplied for the San Onofre Nuclear Generating Station. The arbitration was initiated in October 2013 by SCE in its capacity as Operating Agent for San Onofre, which is co-owned by SCE, San Diego Gas & Electric Co. and the City of Riverside. SDG&E and Riverside are also claimants in the arbitration. The arbitration tribunal, in a 2-1 decision, found MHI liable for breach of contract but rejected claimants other claims. The tribunal found that damages were subject to contractual limitations on liability. Accordingly, the tribunal awarded the claimants $125 million (SCE's share $98 million) in damages, in addition to $45 million previously paid by MHI (SCE’s share $35 million). In addition, the tribunal ordered the claimants to pay MHI $58 million for legal costs (SCE's share $45 million). The tribunal rejected MHI’s counterclaims. The resulting net recovery to SCE is approximately $52 million. One of the three members of the tribunal issued a concurring and dissenting opinion in which he opined that the claimants had established a basis under California law to overcome the limitation of liability and therefore should have recovered over $1 billion as a result of the RSG failures. The decision is the final award of the tribunal but can be challenged in court on limited grounds.


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