Avic Defense Div. Aims at Global Market, $23-Billion turnover
Credit: DOUGLAS BARRIE/AW&ST
China’s newly formed challenger to Western defense contractors aims to become a listed, profit-focused company with a revenue target of 160 billion yuan ($23 billion) by 2017. Early hints of the country’s ambitions are now confirmed: Beijing wants a Chinese BAE Systems or Lockheed Martin, a large...
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