China Aerospace Science and Technology Corporation
Native name
中国航天科技集团公司
TypeState owned
Industryaerospace, space industry
PredecessorChina Aerospace Corporation
FoundedJuly 1, 1999; 23 years ago (1999-07-01)
Headquarters,
Area served
Worldwide
Key people
Wu Yansheng (Chairman and President)
ProductsSpacecraft
Missiles
Electronics
RevenueCN¥294.02 billion[1] (2013)
Number of employees
174,000 (2014)
ParentState-owned Assets Supervision and Administration Commission of the State Council
Websitespacechina.com
China Aerospace Science and Technology Corporation
Simplified Chinese中国航天科技集团公司
Traditional Chinese中國航天科技集團公司

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.[2] 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.[1]

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.[3]

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.[4][5][6] In August 2022, CASC's 9th Academy 771 and 772 Research Institutes were added to the United States Department of Commerce's Entity List.[7][8]

Subordinate entities

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R&D and production complexes

Specialized companies

Directly subordinated units

The "directly subordinated units"[clarification needed] of the China Aerospace Science and Technology Corporation are:

See also

References

  1. ^ a b China Aerospace Science and Technology Corporation. "Company Profile - CASC". Retrieved 31 December 2014.
  2. ^ Allen-Ebrahimian, Bethany (2020-06-24). "Defense Department produces list of Chinese military-linked companies, 20 years after mandate". Axios. Retrieved 2020-06-24.
  3. ^ "中国航天科技集团公司更名为中国航天科技集团有限公司_中国政库_澎湃新闻-The Paper". www.thepaper.cn. Retrieved 2022-06-17.
  4. ^ Chen, Shawna (November 12, 2020). "Trump bans Americans from investing in 31 companies with links to Chinese military". Axios. Retrieved November 12, 2020.
  5. ^ Pamuk, Humeyra; Alper, Alexandra; Ali, Idrees (2020-11-12). "Trump bans U.S. investments in firms linked to Chinese military". Reuters. Retrieved 2020-11-12.
  6. ^ Swanson, Ana (2020-11-12). "Trump Bars Investment in Chinese Firms With Military Ties". The New York Times. ISSN 0362-4331. Retrieved 2020-11-13.
  7. ^ Edwards, Jane (2022-08-24). "Commerce Announces Addition of 7 Chinese Tech Institutions to Entity List". executivegov.com. Retrieved 2022-08-26.
  8. ^ "U.S. adds seven China-related entities to export control list". Reuters. 2022-08-23. Retrieved 2022-08-26.
  9. ^ "China Satcom taken over amid telecom reshuffle". China Daily. Retrieved 21 June 2011.
  10. ^ Messier, Doug (2013-09-28). "China to Hold Long March Pricing Steady". Parabolic Arc. Retrieved 2014-12-14.
  11. ^ "About CGWIC". CGWIC. Archived from the original on 2008-07-08.
  12. ^ "Chinese space resource utilization firm Origin Space signs deal for space telescope – Science Metro". Retrieved 2022-08-26.
  13. ^ a b 易穎有限公司 (in Chinese). China Aerospace Investment Holdings. 12 April 2012. Archived from the original on 11 January 2019. Retrieved 19 July 2017.