China Precision Machinery Import-Export Corporation

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China Precision Machinery Import-Export Corporation (CPMIEC) is a Chinese defense contractor that manufacturers missile and air defense systems.

In a notable sale in September 2013, Turkey, a member of the NATO alliance acquired a missile defense system from the company in a deal valued at 3 billion USD.[1] CPMIEC was selected against a field of competitors that included the Patriot missile defense system offered by Lockheed and Raytheon; a Russia state owned manufacturer; and a European defense consortium.[1]

References[edit]

  1. ^ a b "NATO Chief: Turkey Hasn't Completed Chinese Missile-Defense Deal". Wall Street Journal. September 30, 2013. Retrieved September 16, 2013.  (subscription required)