The China Aerospace Science & Industry Corporation (中國航天科工集團公司)(CASIC) is the main contractor for the Chinese space program. It is state-owned and has a number of subordinate entities which design, develop and manufacture a range of spacecraft, launch vehicles, strategic and tactical missile systems, and ground equipment. 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 scattering nationwide, with a more than 130,000 employees.
CASIC is the biggest missile weapon system developing and manufacturing enterprise in China. It possesses a complete capability for developing, researching and manufacturing air denfense missile systems, cruising missile systems, solid propellent rockets, space technological products and other technologies with products covering various fields of land, sea, air, and electromagnetic spectrum. CASIC has successively provided dozens of advanced missile equipment systems for the various nations, and it also has made outstanding contributions to Chinese manned space flight, lunar exploration and other key Chinese national projects. In 2012 (fiscal year), the total asset of CASIC is CNY 159.6 billion ¥, sale is CNY 134 billion ¥, and profit is CNY8.92 billion ¥.