China Precision Machinery Import-Export Corporation (CPMIEC, ) is a Chinese defense company that acts as one of a number of authorized defense trading companies. It represents the domestic defense manufacturing industry in the export of arms and technology in missile and air defense systems.

Turkish air defense system

In a notable announcement in September 2013, Turkey, a member of the

NATO The North Atlantic Treaty Organization (NATO ; , OTAN), also called the North Atlantic Alliance, is an intergovernmental organization, intergovernmental Transnationalism, transnational military alliance of 32 Member states of NATO, member s ...

alliance, declared its intention to acquire the HQ-9 missile defense system from the company, in a deal valued at 3.44 billion

US dollar The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it int ...

. CPMIEC was selected against three other competitors. The Aster 30 missile with SAMP/T launcher from the Italo-French consortium

Eurosam Eurosam GIE is a European manufacturer of anti-air missiles. Eurosam was established in June 1989 for the development of the ''Famille de missiles Sol-Air Futurs'' (Future Surface-to-Air Family of missiles or FSAF). Eurosam was initially a joint ...

came second with a price tag of US$4.4 billion, the Patriot missile defense system offered by

Lockheed Martin The Lockheed Martin Corporation is an American Arms industry, defense and aerospace manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta on March 15, 1995. It is headquartered in North ...

and

Raytheon Raytheon is a business unit of RTX Corporation and is a major U.S. defense contractor and industrial corporation with manufacturing concentrations in weapons and military and commercial electronics. Founded in 1922, it merged in 2020 with Unite ...

came third at a cost of US$5 billion and the S-300 system from the Russian

Rosoboronexport JSC Rosoboronexport (ROE; , ''Rosoboroneksport'') is the sole state intermediary agency for Russia's exports/imports of defense-related and dual use products, technologies and services. The Rosoboronexport Federal State Unitary Enterprise (FSU ...

fourth in the competition. Following high level pressure by other NATO members, Turkey relented and announced giving up on the deal in November 2015. Earlier on February 20, 2015, the Turkish defense minister Ismet Yilmaz had confirmed the purchase.

Venezuelan radar

In China's first major arms sale in Latin America, Venezuela in 2005 purchased JYL-1 radars from the company in a deal worth US$150 million. After this successful deal, the Venezuelan military explored buying other radars from CPMIEC and would go on to purchase aircraft from CATIC, another Chinese defense firm.

Syrian missile development

The company has worked with Syrian Scientific Studies and Research Center and shipped missile components to the research institute, according to a US media report in 1996 citing the CIA. US Treasury Sanctions China National Precision Machinery Import/Export Corporation was included by the US Treasury Department's Office of Foreign Asset Control (OFAC) in its Sanction SDN List, which denotes a list of "Specially Designated Nationals and Blocked Persons" with "Strong" Category and are subject to Secondary Sanction. The list included entities associated or linked to the company such as CPMIEC, CHINA NATIONAL PRECISION MACHINERY I/E CORP., ZHONGGUO JINGMI JIXIE JINCHUKOU ZONGGONGSI, and CHINA PRECISION MACHINERY IMPORT/EXPORT CORPORATION. The listing includes not only their location in China but worldwide.

References

Defence companies of the People's Republic of China Government-owned companies of China Foreign trade of China {{China-company-stub Arms trading companies of China