In December 1998, a second contract of roughly $300 million in value was signed again with China, this time for local production of a modified version of CPMIEC
's 150-km range, solid-fuelled B611 tactical ballistic missile.
For instance, back in December 2013, Bank of America Merrill Lynch dropped its bid to broker the public offering of Turkish military electronics company ASELSAN on the grounds that NATO member Turkey was holding negotiations with China's CPMIEC
to co-produce T-Loramids.
French-Italian consortium Eurosam and US-listed Raytheon Co had also submitted offers but the government had prioritized talks with the Chinese company, which raised serious concerns over the compatibility of CPMIEC
's systems with NATO missile defenses.
M12 accommodates two 600 mm missiles, each weighing 2,070 kg with 450 kg blast or blast-cluster warheads.
public sensitivities regarding China and to CPMIEC
The report said the Treasury Department's Office of Foreign Assets Control (OFAC) put China Precision Machinery Import-Export Corporation (CPMIEC
) and its subsidiaries on a blacklist because the company is labeled a "serial proliferator." In 2002, CPMIEC
was first sanctioned for missile-related sales to Iran; it continued to be sanctioned on a near-yearly basis.
firms since a ban was imposed on CPMIEC
and its affiliates in mid-2006, the newspaper said, citing an analysis of shipping records by the Wisconsin Project on Nuclear Arms Control.The U.S.
At the time of her arrest in San Francisco, Wang-Woodford possessed catalogues froma Chinese company, the China National Precision Machinery Import and ExportCorporation (CPMIEC
), containing advertisements for military technology andweaponry.
Sweden), and the China National Precision Machinery Import and Export Corporation (CPMIEC
, Beijing, the People's Republic of China).
Turkey canceled its $4 billion tender for long-range surface-to-air missile (SAM) system, code-named T-Loramids, in mid-November, for which China Precision Machinery Import and Export Corp (CPMIEC
) had been selected in 2013 as the preferred provider.
Turkey's decision to have long-range air and anti-missile defense system gave a Chinese company (CPMIEC
) an opportunity to participate in the tender (contract competition).