China Aerospace Science and Industry Corporation explained

China Aerospace Science and Industry Corporation
Former Name:China Aerospace Machinery and Electronics Corporation
Type:State-owned enterprise
Industry:Aerospace, Defense, Automotive, Electronics, Telecommunications, Information Technology, construction & Infrastructure
Predecessor:China Aerospace Corporation
Location City:Haidian District, Beijing
Location Country:China
Area Served:Worldwide
Key People:Gao Hongwei (Chairman)
Li Yue (President)
Products:Satellite communication, missiles, radars, special vehicles, engines
Revenue:US$34.07 billion[1]
Revenue Year:2017
Operating Income:US$1.60 billion
Income Year:2017
Assets:US$44.27 billion
Assets Year:2017
Owner:State-owned Assets Supervision and Administration Commission of the State Council
Num Employees:145,987[2]
Num Employees Year:2017
China Aerospace Science & Industry Corporation
S:中国航天科工集团公司
T:中國航天科工集團公司
P:Zhōngguó Hángtiān kēgōng Jítuán Gōngsī
Order:st
Myr:JūngGwó HángTyān KēGūng JíTwán GūngSz̄

The China Aerospace Science and Industry Corporation (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 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.[2]

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.[3]

In 2017, the total assets of CASIC were worth US$ 44.27 billion, its revenue was US$34.07 billion, and profit US$1.60 billion.[4]

Since 2020, CASIC has shipped crude oil from Venezuela on tankers that it acquired from PetroChina.[5]

U.S. investment prohibition

See also: United States sanctions against China and Military-civil fusion.

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 (PLA), which included CASIC.[6] [7] [8]

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 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] [9]

CASIC engages in strategic industries concerning Chinese national security.[10]

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."[11]

The CASIC second academy produces five series of missiles:[12] [13] [14] [15]

The CASIC also produces other products:[16] [17]

See also

Notes and References

  1. Web site: China Aerospace Science & Industry . fortune.com . August 23, 2018 . August 23, 2018 . https://web.archive.org/web/20180823105502/http://fortune.com/global500/china-aerospace-science-industry/ . live .
  2. Web site: Introduction of CASIC . China Aerospace Science and Industry Corporation . 18 July 2014 . April 18, 2021 . https://web.archive.org/web/20210418180944/http://www.casic.com/n189298/n189314/index.html . live .
  3. Web site: Fisher Jr. . Richard D. . Richard D. Fisher, Jr. On Taiwan: How China's proxies threaten Taiwan . www.taipeitimes.com . January 20, 2020 . Taipei Times . 21 January 2020 . January 24, 2020 . https://web.archive.org/web/20200124205048/http://www.taipeitimes.com/News/editorials/archives/2020/01/20/2003729540/2 . live .
  4. Web site: China Aerospace Science & Industry . 2018-08-23 . Fortune . en-US . August 23, 2018 . https://web.archive.org/web/20180823105502/http://fortune.com/global500/china-aerospace-science-industry/ . live .
  5. News: Aizhu . Chen . Parraga . Marianna . 2022-08-26 . Chinese defence firm has taken over lifting Venezuelan oil for debt offset -sources . en . . 2022-08-27 . August 26, 2022 . https://web.archive.org/web/20220826230424/https://www.reuters.com/business/energy/chinese-defense-firm-has-taken-over-lifting-venezuelan-oil-debt-offset-sources-2022-08-26/ . live .
  6. News: Chen . Shawna . November 12, 2020 . Trump bans Americans from investing in 31 companies with links to Chinese military . . November 12, 2020 . October 28, 2021 . https://web.archive.org/web/20211028203620/https://www.axios.com/china-military-trump-investments-ban-a0458e29-2245-4bde-920b-d1c6bc698370.html . live .
  7. News: Pamuk . Humeyra . Alper . Alexandra . Ali . Idrees . 2020-11-12 . Trump bans U.S. investments in firms linked to Chinese military . en . . 2020-11-12 . October 28, 2021 . https://web.archive.org/web/20211028175811/https://www.reuters.com/article/us-usa-china-securities-exclusive-idUSKBN27S2X3 . live .
  8. News: Swanson . Ana . 2020-11-12 . Trump Bars Investment in Chinese Firms With Military Ties . en-US . . 2020-11-13 . 0362-4331 . November 13, 2020 . https://web.archive.org/web/20201113000328/https://www.nytimes.com/2020/11/12/business/economy/trump-china-investment-ban.html . live .
  9. Web site: August 20, 2018. US sanctions highlight China's civil-military overlap. live. https://web.archive.org/web/20180820115231/https://asia.nikkei.com/Economy/Trade-War/US-sanctions-highlight-China-s-civil-military-overlap . August 20, 2018 . 2020-06-07. Nikkei Asian Review. en-GB.
  10. Web site: Allen-Ebrahimian. Bethany. 2020-06-24. Defense Department produces list of Chinese military-linked companies, 20 years after mandate. live. https://web.archive.org/web/20200624211059/https://www.axios.com/defense-department-chinese-military-linked-companies-856b9315-48d2-4aec-b932-97b8f29a4d40.html . June 24, 2020 . 2020-06-24. Axios. en.
  11. Web site: State-owned media is pitching China's latest hypersonic missiles and laser weapons to the global arms market . Business Insider Malaysia . January 2, 2019 . January 10, 2020 . January 10, 2020 . https://web.archive.org/web/20200110205922/https://www.businessinsider.my/chinas-latest-laser-weapons-are-ready-for-the-arms-market-state-media-2019-1/ . live .
  12. Web site: 珠海航展：中国全空域防空体系四大"门派"同台"论剑" . Sina News . 9 November 2018 .
  13. Web site: "飞龙""飞獴""飞豹""快狼"……多种"野兽"亮相珠海航展 . Sohu News . 7 November 2018 .
  14. Web site: 中国航天科工携新一代全域攻防装备体系打入国际军贸市场 . China Daily . 8 November 2018 .
  15. Web site: 航天科工携全域攻防装备六大体系亮相第十五届中国航展 . State Administration of Science, Technology and Industry for National Defense (China) . 12 November 2024 .
  16. Web site: 航天科工携百余项装备展品亮相第十五届中国航展 . China News Service . 12 November 2024 .
  17. Web site: PICTURE: CASIC shows off new long-range strike UAV . Flight Global . 5 November 2018 . Greg . Waldron . https://web.archive.org/web/20230530195650/https://www.flightglobal.com/military-uavs/picture-casic-shows-off-new-long-range-strike-uav/130134.article . 30 May 2023.
  18. Gormley . Dennis M. . Erickson . Andrew S. . Yuan . Jingdong . 2014 . A Low-Visibility Force Multiplier: Assessing China's Cruise Missile Ambitions . Washington, D.C. . National Defense University Press .
  19. Gormley . Dennis M. . Erickson . Andrew S. . Yuan . Jingdong . 30 September 2014 . A Potent Vector: Assessing Chinese Cruise Missile Developments . Joint Forces Quarterly . . 75 . 21 May 2015 . 22 March 2016 . https://web.archive.org/web/20160322055416/http://ndupress.ndu.edu/Media/News/NewsArticleView/tabid/7849/Article/577568/jfq-75-a-potent-vector-assessing-chinese-cruise-missile-developments.aspx . dead .
  20. Web site: China offers export version of YJ-12 supersonic anti-ship missile . Tate . Andrew . Gibson . Neil . 9 November 2016 . . 21 November 2016 . https://web.archive.org/web/20161112051928/http://www.janes.com/article/65364/china-offers-export-version-of-yj-12-supersonic-anti-ship-missile . 12 November 2016.
  21. Web site: All The New Chinese Missiles Spotted During Its Massive Military Parade Rehearsal . The War Zone . 19 August 2025 . Joseph . Trevithick .
  22. Web site: 新型巡航導彈 . 11 November 2024 . Ta Kung Pao . 方俊明, 李紫妍, 黃寶儀, 帥誠 . Traditional Chinese .
  23. Web site: 精确制导炸弹在珠海航展井喷 航空子母炸弹稀奇 . China News Service . 14 November 2012 .

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "China Aerospace Science and Industry Corporation".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2026, A B Cryer, All Rights Reserved. Cookie policy.