AVIATION INDUSTRY CORPORATION OF CHINA
OpenCalais Metadata: Ticker
OpenCalais Metadata: LegalName
Aselsan keeps its place among top 50 defense companies
Turkey's top defense company Aselsan has been placed 48th in Defense News Top 100 list for 2020 with $2.2 billion in revenues.
The prestigious American magazine compiles the list in accordance with companies' annual defense revenues.
Aselsan increased its defense revenues by 2 percent year-on-year in 2020, according to Defense News.
China Second in the World in Weapons Production after the United States
China ranks second in the world in weapons production after the United States. Four Chinese companies in the industry are among the top 20 arms dealers in the world, according to a report by a Swedish research institute published today.
China eyes maiden flight of world's biggest amphibious plane after engine test
The AG600 - the world's largest amphibious aircraft - has successfully passed an engine test, bringing it one step closer to its maiden flight later this year, its Chinese producer announced. The main use of the plane will be fighting wildfires.