Thats it.
Also, it's funny because the red mech is based off a mecha from Macross. The guys who own Robotech sued on those grounds and won lol.
That's a Warhammer, and there's several others that look just like it. All of them fugly.
Loki:

Warhammer:

Thor:

They're all part of the Asymmetrically Designed Missile Pod On One Shoulder Club!
Edit: lol the Loki and Thor are the same from the pelvis down.
Edit edit: And have the same left arm (their right)