Yup. I've used that with my normal "last name backwards" company name before. I tend to send Christmas and Birthday gifts to siblings with the company field filled in. "Kinetics," "Orbital Bombardment Division," "Relativistic Research," and assorted other things have made their way in, but "Heavy Industries" just has such a nice ring to it.
I love that Wikipedia says it covers "large and heavy products" and/or "large and heavy equipment".