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3Novices:China opens military contracts worth billions of yuan to private companies: report

China’s military further opened its research and development programmes to private companies, inviting them to take part in projects worth an estimated 6 billion yuan (US$870 million or HK$6.78 billion), state media reported on Wednesday.
Analysts said the move was part of the government’s wider goal of creating a defence contract industry where private companies played a key role in supplying military technology that could also have civilian applications, similar to how Lockheed…
April 20, 2017 at 06:30AM http://ift.tt/2oR3siB
#3Novices #News #OnlineMedia #China 3Novices China

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