China Precision Machinery Import-Export Corporation (CPMIEC, ) is a
Chinese
Chinese can refer to:
* Something related to China
* Chinese people, people of Chinese nationality, citizenship, and/or ethnicity
**''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation
** List of ethnic groups in China, people of ...
defense company that acts as one of a number of authorized defense trading companies.
It represents the domestic defense manufacturing industry in the export of arms and technology in missile and air defense systems.
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Turkish air defense system
In a notable announcement in September 2013, Turkey, a member of the NATO
The North Atlantic Treaty Organization (NATO, ; french: Organisation du traité de l'Atlantique nord, ), also called the North Atlantic Alliance, is an intergovernmental military alliance between 30 member states – 28 European and two No ...
alliance, declared its intention to acquire the HQ-9 missile defense system from the company, in a deal valued at 3.44 billion US dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the officia ...
.[ ] CPMIEC was selected against three other competitors. The Aster 30
Aster or ASTER may refer to:
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* ''Aster'' (genus), a genus of flowering plants
** List of ''Aster'' synonyms, other genera formerly included in ''Aster'' and still called asters in English
* Aster (cell biology), a cellular structure shap ...
missile with SAMP/T launcher from the Italo-French consortium Eurosam
Eurosam GIE is a European manufacturer of anti-air missiles. Eurosam was established in June 1989 for the development of the ''Famille de missiles Sol-Air Futurs'' (Future Surface-to-Air Family of missiles or FSAF). Eurosam was initially a joint ...
came second with a price tag of US$4.4 billion, the Patriot missile defense system offered by Lockheed Martin and Raytheon
Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitali ...
came third at a cost of US$5 billion and the S-300 system from the Russian Rosoboronexport
JSC Rosoboronexport (russian: AO Рособоронэкспорт, ''Rosoboroneksport'') is the sole state intermediary agency for Russia's exports/imports of defense-related and dual use products, technologies and services. The Rosoboronexport ...
fourth in the competition.Ismet Yilmaz Ismet ( tr, İsmet) is a Turkish form of the Arabic name Ismet. Along with Turkish, the name is also seen in Albanian, Bosnian, and Macedonian. The name means "honesty" or "purity" and in classical "infallibility", "immaculate", "impeccability" an ...
had confirmed the purchase.
Venezuelan radar
In China's first major arms sale in Latin America, Venezuela in 2005 purchased JYL-1 radars from the company in a deal worth US$150 million. After this successful deal, the Venezuelan military explored buying other radars from CPMIEC and would go on to purchase aircraft from CATIC, another Chinese defense firm.
Syrian missile development
The company has worked with Syrian Scientific Studies and Research Center
The Scientific Studies and Research Center (SSRC), better known by its French name ''Centre D'Etudes et de Recherches Scientifiques'' (''CERS''), is a Syrian government agency that has the goal of advancing and coordinating scientific activities i ...
and shipped missile components to the research institute, according to a US media report in 1996 citing the CIA.
US Treasury Sanctions
China National Precision Machinery Import/Export Corporation was included by the US Treasury Department's Office of Foreign Asset Control (OFAC) in its Sanction SDN List,
References
Defence companies of the People's Republic of China
Government-owned companies of China
Foreign trade of China
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