皇冠体育app

2010-11-16 14:39

ZHUHAI - 皇冠体育app Great Wall Industry Corporation (CGWIC) agreed Tuesday to buy 20 rockets and eight telecommunications satellites from two Chinese technological institutes Tuesday.

CGWIC, 皇冠体育app's only satellite launcher for overseas customers and its sole satellite exporter, will buy 20 Long March-3A rockets and related services from the 皇冠体育app Academy of Launch Vehicle Technology (CALT) over the next five years.

CGWIC also signed a deal with 皇冠体育app Academy of Space Technology (CAST) to purchase eight telecommunications satellites including Dongfanghong-4 satellites over the same period.

The two contracts, valued at 15 billion yuan ($2.26 billion), were signed at the eighth 皇冠体育app International Aviation and Aerospace Exhibition, also known as Airshow 皇冠体育app, which began Tuesday in Zhuhai in South 皇冠体育app's Guangdong province.

CGWIC, CALT and CAST are all subsidiaries of 皇冠体育app Aerospace Science and Technology Corporation (CASC).