The China Aerospace Science & Industry Corporation Limited (CASIC) is a Chinese

state-owned enterprise A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...

that designs, develops and manufactures a range of spacecraft, launch vehicles, strategic and tactical missile systems, and ground equipment. CASIC has contributed to national projects such as crewed spaceflight and

lunar exploration The physical exploration of the Moon began when ''Luna 2'', a space probe launched by the Soviet Union, made an impact on the surface of the Moon on September 14, 1959. Prior to that the only available means of exploration had been observation ...

. CASIC is the largest maker of missiles in China.

History

First established as the 5th Academy of the Ministry of Defense in October 1956, it went through numerous name changes including the Ministry of the 7th Machinery Industry, the Ministry of Aerospace Industry, the Ministry of Aviation and Aerospace Industry, China Aerospace Corporation, China Aerospace Machinery and Electronics Corporation in July 1999, and finally the present name China Aerospace Science & Industry Corporation in July 2001. CASIC owns seven academies, two scientific research and development bases, six public listed companies, and over 620 other companies and institutes scattered nationwide, with more than 145,987 employees. From 2011 onwards, CASIC has supplied North Korea with 16-wheel and 18-wheel transporter erector launchers in support of North Korea's ballistic missile/nuclear program. In 2017, the total assets of CASIC was US$ 44.27 billion, Revenue was US$34.07 billion, and profit was US$1.60 billion. Since 2020, CASIC has shipped crude oil from Venezuela on tankers that it acquired from

PetroChina PetroChina Company Limited () is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. The company is currently Asia's largest oil and gas pr ...

U.S. investment prohibition

In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the

People's Liberation Army The People's Liberation Army (PLA) is the principal military force of the People's Republic of China and the armed wing of the Chinese Communist Party (CCP). The PLA consists of five service branches: the Ground Force, Navy, Air Force, ...

(PLA), which included CASIC.

Products

CASIC is the biggest missile weapon system developing and manufacturing enterprise in China. It is known for developing, researching and manufacturing air defense missile systems,

cruise missile A cruise missile is a guided missile used against terrestrial or naval targets that remains in the atmosphere and flies the major portion of its flight path at approximately constant speed. Cruise missiles are designed to deliver a large warhe ...

systems, solid-propellant rockets, space technological products and other technologies with products covering various fields of land, sea, air, and electromagnetic spectrum. CASIC has provided dozens of advanced missile equipment systems for various nations, and contributed to Chinese crewed space flight, lunar exploration and other Chinese national projects. CASIC engages in strategic industries concerning Chinese national security. In early 2019, it was reported that CASIC had developed a "road-mobile laser defense system called the LW-30, which uses a high-energy laser beam to destroy targets." CASIC also introduced the "CM-401 supersonic anti-ship ballistic missile."

Partnerships and joint ventures

On September 5, 2013, the G20 summit was held in Saint Petersburg, Russia. China's

Paramount Leader Paramount leader () is an informal term for the most important political figure in the People's Republic of China (PRC). The paramount leader typically controls the Chinese Communist Party (CCP) and the People's Liberation Army (PLA), often hol ...

Xi Jinping and Russia's president Vladimir Putin witnessed the signing of strategic cooperation agreement between CASIC (Gao Hongwei: chairman of CASIC) and

Rostec Rostec ( rus, Ростех, p=, r=Rostekh), officially the State Corporation for Assistance to Development, Production and Export of Advanced Technology Industrial Product Rostec (russian: Государственная корпорация по � ...

. On May 30, 2016, CASIC and

Siemens Siemens AG ( ) is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad. The principal divisions of the corporation are ''Industry'', '' ...

signed a memorandum of understanding to establish a working team based on Made in China 2025 and German Industry 4.0 to establish strategic partnerships in the fields of industrial Internet and intelligent manufacturing. Siemens was devoted to electrification, automation, digitization, and creating an open IoT operating system based on the cloud platform. On July 5, 2017, witnessed by Paramount Leader Xi Jinping and chancellor Angela Merkel, chairman of CASIC Gao Hongwei and Siemens CEO

Joe Kaeser Joe Kaeser (born Josef Käser; June 23, 1957) is a German manager and former CEO of Siemens AG, Berlin & Munich, a role he was in from August 1, 2013, until February 3, 2021. Early life Joe Kaeser was born in Arnbruck, in the Bavarian Forest in ...

signed a strategic cooperation agreement in the fields of industrial Internet and intelligent manufacturing in Berlin.

References

External links