China is planning to merge more than 40 companies working on plane engines into a mega group with $22 billion in assets.
China is keen to develop engines to power its own planes including the C919, Bloomberg reported unnamed people familiar with the proposal as saying Tuesday.
The government and companies including Aviation Industry Corp (AVIC), Commercial Aircraft Corp (COMAC) will invest an additional 35 billion yuan, they said.
China is keen to push its economy from labor-intensive work into more sophisticated sectors. The Made in China 2025 blueprint, released last March, cited aerospace as one sector the leadership hopes will help make China into an advanced economy along the lines of Japan and Germany.
Shanghai-based Commercial Aircraft Corp. of China, known as Comac, is developing the C919 single-aisle jet, which is expected to make its first test flight this year. CFM International, a joint venture between GE Aviation and a division of France’s Safran SA, will supply a version of its LEAP engine for the initial C919s.
China has set up a new Strategic Support Force (SSF) in waging special operations and information warfare. the structure of the newly-created force and the national security tasks it is set to tackle
Japans Ground Self-Defense Force is considering participating in multinational military exercises to be held in western India this March, The Japan Times reported quoting Jiji Press. Up to 300 people from 18 countries, including Japan, the United States, China, South Korea and the 10 members of the Association of Southeast Asian Nations, are set to take part in the joint drills, an Indian government official was quoted as saying Friday
Russia will begin delivery of Su-35 fighter jets to China in the 4th quarter of 2016, a military-diplomatic official told TASS on Friday. "Supplies of fighter jets will start in the 4th quarter of this year
United Engine Corporation (UEC), a Rostec subsidiary, will build a $300 million test facility for the prospective PD-35 aircraft engine, which is proposed to be used in the Russian-Chinese CR929 Long Range Wide Body aircraft. The testing facilities will be created at JSC "UEC-PERM ENGINE"
NORINCO has established and implemented a multi-faceted Internal Compliance Program (ICP) to prevent the proliferation of Weapons of Mass Destruction (WMD). The ICP also involves means of delivery and control the proliferation risks of conventional defense products and technologies, dual-use goods and technologies, intangible technology transfers (ITT) and deemed exports, the company said in a statement Wednesday
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