Back to news

August 24, 2018 | International, Aerospace, Naval, Land

These 7 Chinese companies each topped $5B in defense sales — and could rival American firms

By:

WASHINGTON — With China now the second-largest spender on defense in the world, Chinese companies are logically going to rank among the largest defense firms. But quantifying that number has proven incredibly difficult thanks to the opaque nature of both government spending and the firms themselves.

Now, a London-based think tank has concluded that seven Chinese firms would rank among the top 20 defense companies in the world, each breaking $5 billion in defense revenues — a proportion that rivals any one nation outside the U.S.

Lucie Beraud-Sudreau and Meia Nouwens, two researchers with the International Institute for Strategic Studies, looked at eight key defense firms from China — the China Aviation Industry Corporation (AVIC), China Electronics Technology Enterprise (CETC), China North Industries Group Corporation (NORINCO), China South Industries Group Corporation (CSGC), China State Shipbuilding Corporation (CSSC), China Shipbuilding Industry Corporation (CSIC), China Aerospace Science and Technology Corporation (CASC), and China Aerospace Science and Industry Corporation (CASIC).

The researchers looked at the largest defense firms and key subsidiaries, excluding a pair of nuclear-focused Chinese companies, classifying each as defense- or civilian-focused. Then they used the differentiation to calculate how much of each company's total revenues was derived from defense-related sales.

Full article: https://www.defensenews.com/top-100/2018/08/23/these-7-chinese-companies-each-topped-5b-in-defense-sales-and-could-rival-american-firms

On the same subject

  • Contracts for May 24, 2021

    May 25, 2021 | International, Aerospace, Naval, Land, C4ISR, Security

    Contracts for May 24, 2021

    Today

  • US Air Force receives new KC-46 aircraft, an event decades in the making

    January 28, 2019 | International, Aerospace

    US Air Force receives new KC-46 aircraft, an event decades in the making

    By: Valerie Insinna and Jeff Martin EVERETT, Wash., and MCCONNELL AIR FORCE BASE, Kan. — On the chilly morning of Jan. 25, just as the sun was beginning to rise, two KC-46 refueling tankers took offfrom Boeing's Everett, Washington, delivery center and began flying toward McConnell Air Force Base in Kansas. Later that day, it touched down, to cheers from airmen assigned to the base's 22nd Air Refueling Wing. It took only minutes for the aircraft to taxi and take to the skies — a welcome lack of drama for a program that has seen prolonged challenges: a virulent competition between two companies, two years of schedule delays and more than $3 billion in cost overrunsthat manufacturer Boeing had to pay out of pocket. The delivery of the first two KC-46 Pegasus planes was almost two decades in the making. As such, the event was treated as a momentous celebration by Boeing officials, who held a ceremony Thursday marking the occasion with its Air Force customer. On Friday, Air Force leadership, congressional representatives and Boeing executives witnessed the aircraft's arrival at McConnell for yet another event. “To me, its personal to bring on this capability,” Air Force Chief of Staff Gen. David Goldfein said after arriving on base. “This is a big day for us.” “I think we all know the journey over the last several years,” Boeing CEO Dennis Muilenburg said Thursday. “It hasn't been easy. In fact, it's been hard. But this team stuck to it. This team worked together.” At the Everett ceremony, Boeing brought in a band to play classic rock songs by the likes of Jimi Hendrix and Led Zeppelin before the ceremony, dispersed cookies and chocolate lollipops featuring the KC-46, and had a tanker-themed “selfie station” where visitors could take photos of themselves with the Pegasus on display. Over the KC-46 flight test program, the aircraft clocked 3,800 hours in the sky and pumped more than 4 billion pounds of fuel, Muilenburg said. Leanne Caret, who heads Boeing's defense business, said the delivery solidifies the firm's legacy as “the tanker company for the U.S. and the world.” “We're looking at delivering not only great capability that works today, but we're looking at staying on that leading edge of technology going forward, and we will continue to lean in throughout this process,” she told reporters after the event. But numerous obstacles remain. Boeing needs to correct the KC-46's deficient remote vision system — the series of cameras and sensors that are the sole source of situational awareness for boom operators trying to move fuel from the tanker to a receiver aircraft. The company is redesigning that system at its own expense, and Caret declined to comment on the projected costs of the upgrades. In order to hit a contractually obligated milestone, it also needs to move forward with getting wing aerial-refueling pods certified by the Federal Aviation Administration, an event that Air Force Secretary Heather Wilson confirmed will not happen until 2020. Despite those problems, Air Force officials sounded an optimistic note about the current status of the program. Wilson, who previously criticized Boeing for seemingly not paying enough attention to the tanker's problems, touted the new capabilities the KC-46 will bring to the tanker force, such as infrared countermeasures, protection against electromagnetic pulses and armor that will make it more survivable in the field. “This aircraft is able to defend itself in ways that the KC-135 can't. It also has some other capabilities that allow us to refuel completely in the dark,” she said. “So there are things about this aircraft that we're really keen to get into the hands of our airmen.” Full article: https://www.defensenews.com/air/2019/01/25/the-air-force-gets-its-first-new-kc-46s-an-event-decades-in-the-making

  • UAE issues formal request to buy KC-46A tanker, says Boeing

    June 3, 2019 | International, Aerospace

    UAE issues formal request to buy KC-46A tanker, says Boeing

    By: Mike Yeo SINGAPORE – The United Arab Emirates has emerged as a surprise customer for KC-46A Pegasus, having formally made a request to buy the tanker aircraft, according to manufacturer Boeing. Speaking to reporters at a media event on the sidelines of the annual Shangri-La Dialogue regional security summit in Singapore, Jeff Shockey, Boeing's vice president of global sales for defense, space and security, confirmed that the Middle Eastern kingdom had issued a letter of request for three tankers. The UAE now joins the list of potential markets for the KC-46A, alongside other interested parties such as Indonesia, Israel, Norway, Qatar and NATO. Japan has already joined the U.S. Air Force in selecting the KC-46, with a request for four aircraft approved by the U.S. State Department in 2016 with two having already since been contracted through the Foreign Military Sales program. The UAE's request to buy the KC-46A is a surprise, given it currently already operates three Airbus A330 multirole tanker transports. It currently operates about 150 Lockheed Martin F-16E/F Fighting Falcon and French-built Dassault Mirage 2000 fighter jets. It is unclear if the UAE is holding a competitive tender for additional tankers. Airbus referred Defense News to the customer when asked if the European manufacturer has received interest from the UAE about additional tankers. https://www.defensenews.com/global/mideast-africa/2019/05/31/uae-issues-formal-request-to-buy-kc-46a-tanker-says-boeing

All news