|
BIZCHINA> Top Biz News
![]() |
|
Aviation giant establishes defense branch in Beijing
(Xinhua)
Updated: 2009-03-26 23:11 China's largest aircraft maker, Aviation Industry Corporation of China (AVIC), opened a defense branch Thursday in Beijing in an effort to make the company a first-class, worldwide manufacturer of aerial defense products. The branch will take over most of the military-related business done by AVIC such as building combat aircraft, including China's own third generation fighter J-10.
It will also conduct research and manufacture business jets as well as sell its products internationally, a statement released by AVIC on Thursday said. The defense branch, an integration of relevant departments within the corporation, will be an independent accounting unit of AVIC with total assets of nearly 50 billion yuan ($7.35 billion). It has been authorized to manage AVIC's 10 assembly plants and research institutes which are scattered in several cities across China such as Shenyang, Chengdu, Changsha and Shanghai. The company has approximately 60,000 employees and a rough annual sales revenue of 30 billion yuan ($4.4 billion). It has also exported more than 1,000 aircraft overseas and cooperated with foreign aviation makers to develop civilian planes. (For more biz stories, please visit Industries)
|
|||||
青州市| 新津县| 巴林左旗| 浮梁县| 芦溪县| 漳州市| 宁国市| 霍山县| 阿鲁科尔沁旗| 双江| 大厂| 涞水县| 晋城| 白水县| 綦江县| 襄城县| 温州市| 酉阳| 青神县| 崇义县| 行唐县| 尼玛县| 武夷山市| 海兴县| 新兴县| 砀山县| 彰化市| 德保县| 伊春市| 祥云县| 林口县| 青神县| 阜城县| 益阳市| 芷江| 华安县| 西安市| 二连浩特市| 贡嘎县| 廊坊市| 莲花县|