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.[2][needs update]
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.[4]
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.[5][needs update]
Since 2020, CASIC has shipped crude oil from Venezuela on tankers that it acquired from PetroChina.[6]
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 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.[2][11]
CASIC engages in strategic industries concerning Chinese national security.[7]
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."[3]
On May 30, 2016, CASIC and Siemens 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 signed a strategic cooperation agreement in the fields of industrial Internet and intelligent manufacturing in Berlin.
^ abc"China Aerospace Science & Industry". fortune.com. from the original on August 23, 2018. Retrieved August 23, 2018.
^ abcChina Aerospace Science and Industry Corporation. "Introduction of CASIC". from the original on April 18, 2021. Retrieved July 18, 2014.
^ ab"State-owned media is pitching China's latest hypersonic missiles and laser weapons to the global arms market". Business Insider Malaysia. from the original on January 10, 2020. Retrieved January 10, 2020.
^Fisher Jr., Richard D. (January 20, 2020). "Richard D. Fisher, Jr. On Taiwan: How China's proxies threaten Taiwan". www.taipeitimes.com. Taipei Times. from the original on January 24, 2020. Retrieved January 21, 2020.
^"China Aerospace Science & Industry". Fortune. from the original on August 23, 2018. Retrieved August 23, 2018.
^Aizhu, Chen; Parraga, Marianna (August 26, 2022). "Chinese defence firm has taken over lifting Venezuelan oil for debt offset -sources". Reuters. from the original on August 26, 2022. Retrieved August 27, 2022.
^ abAllen-Ebrahimian, Bethany (June 24, 2020). "Defense Department produces list of Chinese military-linked companies, 20 years after mandate". Axios. from the original on June 24, 2020. Retrieved June 24, 2020.
^Chen, Shawna (November 12, 2020). "Trump bans Americans from investing in 31 companies with links to Chinese military". Axios. from the original on October 28, 2021. Retrieved November 12, 2020.
^Pamuk, Humeyra; Alper, Alexandra; Ali, Idrees (November 12, 2020). "Trump bans U.S. investments in firms linked to Chinese military". Reuters. from the original on October 28, 2021. Retrieved November 12, 2020.
^Swanson, Ana (November 12, 2020). "Trump Bars Investment in Chinese Firms With Military Ties". The New York Times. ISSN 0362-4331. from the original on November 13, 2020. Retrieved November 13, 2020.
^"US sanctions highlight China's civil-military overlap". Nikkei Asian Review. August 20, 2018. from the original on August 20, 2018. Retrieved June 7, 2020.
External links
Official website(in Chinese)
Official website(in English)
April 21, 2023
china, aerospace, science, industry, corporation, confused, with, china, aerospace, science, technology, corporation, china, aerospace, science, industry, corporation, limited, casic, chinese, state, owned, enterprise, that, designs, develops, manufactures, ra. Not to be confused with China Aerospace Science and Technology Corporation The China Aerospace Science amp Industry Corporation Limited CASIC is a Chinese state owned enterprise 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 citation needed CASIC is the largest maker of missiles in China 3 China Aerospace Science amp Industry Corporation LimitedCASIC headquartersNative name中国航天科工集团有限公司FormerlyChina Aerospace Machinery and Electronics CorporationTypeState owned enterpriseIndustryAerospace Defense Automotive Electronics Telecommunications Information Technology construction amp InfrastructurePredecessorChina Aerospace CorporationFoundedJuly 1 1999 23 years ago 1999 07 01 HeadquartersHaidian District Beijing ChinaArea servedWorldwideKey peopleGao Hongwei Chairman Li Yue President ProductsSatellite communication missiles radars special vehicles enginesRevenueUS 34 07 billion 1 2017 Operating incomeUS 1 60 billion 1 2017 Total assetsUS 44 27 billion 1 2017 OwnerState owned Assets Supervision and Administration Commission of the State CouncilNumber of employees145 987 2 2017 Websitewww casic cnChina Aerospace Science amp Industry CorporationSimplified Chinese中国航天科工集团公司Traditional Chinese中國航天科工集團公司TranscriptionsStandard MandarinHanyu PinyinZhōngguo Hangtian kegōng Jituan Gōngsi Contents 1 History 1 1 U S investment prohibition 2 Products 3 Partnerships and joint ventures 4 See also 5 References 6 External linksHistory EditFirst 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 amp 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 2 needs update 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 4 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 5 needs update Since 2020 CASIC has shipped crude oil from Venezuela on tankers that it acquired from PetroChina 6 U S investment prohibition Edit See also United States sanctions against China 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 7 as having links to the People s Liberation Army PLA which included CASIC 8 9 10 Products EditCASIC 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 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 2 11 CASIC engages in strategic industries concerning Chinese national security 7 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 3 Partnerships and joint ventures EditThis section does not cite any sources Please help improve this section by adding citations to reliable sources Unsourced material may be challenged and removed May 2020 Learn how and when to remove this template message On September 5 2013 the G20 summit was held in Saint Petersburg Russia China s Paramount Leader Xi Jinping and Russia s president Vladimir Putin witnessed the signing of strategic cooperation agreement between CASIC Gao Hongwei chairman of CASIC and Rostec On May 30 2016 CASIC and Siemens 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 signed a strategic cooperation agreement in the fields of industrial Internet and intelligent manufacturing in Berlin See also EditChina Aerospace Science and Technology Corporation China National Space Administration Aviation Industry Corporation of China AVIC People s Liberation Army Air Force Commission of Science Technology and Industry for National DefenseReferences Edit a b c China Aerospace Science amp Industry fortune com Archived from the original on August 23 2018 Retrieved August 23 2018 a b c China Aerospace Science and Industry Corporation Introduction of CASIC Archived from the original on April 18 2021 Retrieved July 18 2014 a b State owned media is pitching China s latest hypersonic missiles and laser weapons to the global arms market Business Insider Malaysia Archived from the original on January 10 2020 Retrieved January 10 2020 Fisher Jr Richard D January 20 2020 Richard D Fisher Jr On Taiwan How China s proxies threaten Taiwan www taipeitimes com Taipei Times Archived from the original on January 24 2020 Retrieved January 21 2020 China Aerospace Science amp Industry Fortune Archived from the original on August 23 2018 Retrieved August 23 2018 Aizhu Chen Parraga Marianna August 26 2022 Chinese defence firm has taken over lifting Venezuelan oil for debt offset sources Reuters Archived from the original on August 26 2022 Retrieved August 27 2022 a b Allen Ebrahimian Bethany June 24 2020 Defense Department produces list of Chinese military linked companies 20 years after mandate Axios Archived from the original on June 24 2020 Retrieved June 24 2020 Chen Shawna November 12 2020 Trump bans Americans from investing in 31 companies with links to Chinese military Axios Archived from the original on October 28 2021 Retrieved November 12 2020 Pamuk Humeyra Alper Alexandra Ali Idrees November 12 2020 Trump bans U S investments in firms linked to Chinese military Reuters Archived from the original on October 28 2021 Retrieved November 12 2020 Swanson Ana November 12 2020 Trump Bars Investment in Chinese Firms With Military Ties The New York Times ISSN 0362 4331 Archived from the original on November 13 2020 Retrieved November 13 2020 US sanctions highlight China s civil military overlap Nikkei Asian Review August 20 2018 Archived from the original on August 20 2018 Retrieved June 7 2020 External links EditOfficial website in Chinese Official website in English Retrieved from https en wikipedia org w index php title China Aerospace Science and Industry Corporation amp oldid 1141554701, wikipedia, wiki, book, books, library,
