Metal Warriors is definitely the game you're thinking of, Hikaru. Interestingly enough, it's actually a part of a greater series of games that all involve similar or identical gameplay. This series is known as Assault Suits, and there were several titles produced by NCS until Konami took over for just one title: Metal Warriors.
Imagine that! More Metal Warriors greatness to be had.
Unfortunately, only Metal Warriors made it over to these shores... except for two other titles. That's Target Earth on the Genesis, which started the series in Japan as Assault Suit Leynos. Afterwards, the sequel game Assault Suits Valken was made on the SNES, and was brought over here as well, except as another game butchered in translation and given a new title as Cybernator. You can play either of those games through emulation these days or by obtaining admittedly rare copies for their respective systems. However, I recommend trying to find a way to play the original games. I think some fan translations exist to give you the authentic experience without the crushing editing that was done to the American titles to strip them of their flavorful anime-esque plots and characters (due to the mistaken fear that our gamer demographic is xenophobic basically).
Metal Warriors is known otherwise unofficially as Assault Suits Gideon. It has a rather strange history though, and Assault Suits Gideon was its formulative title before being switched to Konami who then proceeded to change its name several times and adjust the theme of the game until it ended up what it is today for both the American and Japanese markets. Yes, no translation butchering was done to this title. It's exactly the same in any market, which is a relief.
NCS Took over for future titles in the series, but these ended up on the Playstation and Saturn and have stayed in Japan. The Playstation's Assault Suit Valken 2 is more of a turn-based strategy RPG, which is similar to the Front Mission series. Assault Suit Leynos 2 for the Saturn is basically classic hardcore Assault Suits gameplay, and is a ridiculously fun game. Good luck trying to obtain a copy. Emulation for the Saturn is almost ideal these days finally, and so you may have luck playing it by those means.
Speaking of Front Mission... ironically enough, Square borrowed heavily from Assault Suits and produced their own title in the same style, named Front Mission: Gun Hazard. This plays very similarly to the rest of the Assault Suit series, but involves heavy RPG elements and an open world design that lets you go where you please. It was never brought over here of course, but it was given an excellent fan translation that I recommend you try (properly of course, by somehow magically obtaining an original copy of the game and the expensive and discontinued equipment it takes to patch it yourself and blah blah blah etc etc).
Anyways, that's uh... your "Metal Warriors" lesson for today, haha. Try the other titles out if you can, they're all recommended.
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