|Industry||aerospace, space industry|
|Predecessor||China Aerospace Corporation|
|Founded||July 1, 1999|
|Wu Yansheng (Chairman and President)|
|Revenue||CN¥294.02 billion (2013)|
|Owner||State-owned Assets Supervision and Administration Commission of the State Council|
Number of employees
|China Aerospace Science and Technology Corporation|
The China Aerospace Science and Technology Corporation, or CASC, is the main contractor for the Chinese space program. It is state-owned and has subsidiaries which design, develop and manufacture a range of spacecraft, launch vehicles, strategic and tactical missile systems, and ground equipment. It was officially established in July 1999 as part of a Chinese government reform drive, having previously been one part of the former China Aerospace Corporation. Various incarnations of the program date back to 1956.
Along with space and defense manufacture, CASC also produces machinery, chemicals, communications equipment, transportation equipment, computers, medical care products and environmental protection equipment. CASC provides commercial launch services to the international market. By the end of 2013, the corporation has registered capital of CN￥294.02 billion and employs 170,000 people.
In December 2017, the CASC was converted from a state-owned enterprise (全民所有制企业) to a state-owned enterprise (国有独资公司) with the approval of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). The sole shareholder is SASAC, the company's headquarters are still in Beijing, the business areas remained the same and nothing changed for the staff either.
In 2021, China's 14th five year plan included two low earth orbit satellite constellations named “GW” featuring nearly 13,000 satellites was in development.
In November 2020, U.S. President Donald Trump issued an executive order prohibiting U.S. companies and individuals owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included CASC. In August 2022, CASC's 9th Academy 771 and 772 Research Institutes were added to the United States Department of Commerce's Entity List.
The "directly subordinated units"[clarification needed] of the China Aerospace Science and Technology Corporation are: