|Formerly||China Aerospace Machinery and Electronics Corporation|
|Type||State owned company|
|Industry||Aerospace, Defense, Automotive, Electronics, Telecommunications, Information Technology, construction & Infrastructure|
|Predecessor||China Aerospace Corporation|
|Founded||July 1, 1999|
|Gao Hongwei (Chairman)|
Li Yue (President)
|Products||Satellite communication, missiles, radars, special vehicles, engines|
|Revenue||US$34.07 billion (2017)|
|US$1.60 billion (2017)|
|Total assets||US$44.27 billion (2017)|
Number of employees
|China Aerospace Science & Industry Corporation|
The China Aerospace Science & Industry Corporation Limited (CASIC) is a Chinese state-owned enterprise that designs, develops and manufactures a range of spacecraft, launch vehicles, strategic and tactical missile systems, and ground equipment. Recent commercial aerospace projects include Feiyun (F-Cloud), Kuaiyun (K-Cloud), Xingyun (X-Cloud), Hongyun (H-Cloud), Tengyun (T-Cloud) and T-Flight (Supersonic Train System). CASIC has contributed to national projects such as crewed spaceflight and lunar exploration.
CASIC is the largest maker of missiles in China.
In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included CASIC.
First established as the 5th Academy of the Ministry of Defense in October 1956, it went through numerous name changes including the Ministry of the 7th Machinery Industry, the Ministry of Aerospace Industry, the Ministry of Aviation and Aerospace Industry, China Aerospace Corporation, China Aerospace Machinery and Electronics Corporation in July 1999, and finally the present name China Aerospace Science & Industry Corporation in July 2001. CASIC owns seven academies, two scientific research and development bases, six public listed companies, and over 620 other companies and institutes scattered nationwide, with more than 145,987 employees.
Premier Li Keqiang inspected the company in April 2017, visiting its headquarters in Beijing. In 2017 (fiscal year), the total assets of CASIC was US$ 44.27 billion, Revenue was US$34.07 billion, and profit was US$1.60 billion.
CASIC is the biggest missile weapon system developing and manufacturing enterprise in China. It is known for developing, researching and manufacturing air defense missile systems, cruise missile systems, solid-propellant rockets, space technological products and other technologies with products covering various fields of land, sea, air, and electromagnetic spectrum. CASIC has provided dozens of advanced missile equipment systems for various nations, and contributed to Chinese crewed space flight, lunar exploration and other Chinese national projects.
CASIC engages in strategic industries concerning national security. The company has established anR&D and production system for air-defense missile weapon system, as well as solid launch vehicles and space technology products, covering “land, sea, air, space, network and electromagnetism”.
In early 2019 it was reported that CASIC had developed a "road-mobile laser defense system called the LW-30, which uses a high-energy laser beam to destroy targets." CASIC also introduced the "CM-401 supersonic anti-ship ballistic missile."
CASIC promotes the development of the commercial aerospace industry, and launched a hundred-of-billion-yuan commercial aerospace project plan in China. Among major commercial aerospace projects: Feiyun Project, Kuaiyun Project, Xingyun Project, Hongyun Project, Tengyun Project and T-Flight (supersonic train system) Project.
The first commercial launching of KZ-1A rocket was completed in the way of “launching three satellites on one rocket”, with eight months from contract signing to launching. “Tiankun-1” satellite has been successfully launched as a small low orbit satellites. CASIC officially started the construction of the Wuhan National Space Industry Base for commercial aerospace, and initiates to set up the Yangtze River Aerospace Industry Fun.
Guided by Made in China 2025 and supply-side structural reform, CASIC released the Industrial Intelligent Cloud System —— INDICS, the first such platform in China for smart, coordinated and cloud manufacturing for enterprises. CASIC focuses on people's needs for “safety, health, happiness and knowledge” and establishes new service industries such as systematic medical service and cultural and creative services. CASIC also pays attention to key fields such as innovation and entrepreneurship service, intellectual property service, scitech consulting service and credit investigation service.
Focusing on smart society construction in China, CASIC leads the construction of the social Overall Academy and General Department for the smart industry, cultivating 19 key application areas and “focusing on creating a smart industry platform, building two intelligent networks of sensing and transmission, and carrying out N major demonstration projects."
On September 5, 2013, the G20 summit was held in Saint Petersburg, Russia. China's Paramount Leader Xi Jinping and Russia's president Vladimir Putin witnessed the signing of strategic cooperation agreement between CASIC (Gao Hongwei: chairman of CASIC) and Rostec.
In recent years, CASIC established an industrial Internet cloud platform—INDICS - which supports intelligent transformation, collaborative manufacturing and cloud manufacturing and wis devoted to “information exchange, resource sharing, capability coordination, openness, cooperation, mutual benefit and win-win cooperation”.
On May 30, 2016, CASIC and Siemens signed a memorandum of understanding to establish a working team based on Made in China 2025 and German Industry 4.0 to establish strategic partnerships in the fields of industrial Internet and intelligent manufacturing. Siemens was devoted to electrification, automation, digitization, and creating an open IoT operating system based on the cloud platform.
On July 5, 2017, witnessed by Paramount Leader Xi Jinping and chancellor Angela Merkel, chairman of CASIC Gao Hongwei and Siemens CEO Joe Kaeser signed a strategic cooperation agreement in the fields of industrial Internet and intelligent manufacturing in Berlin.
CASIC has ranked 'Class A' in the operation and performance assessment for leaders of central enterprises by State-owned Assets Supervision and Administration Commission (SASAC) for 10 consecutive years, and been honored “Awards for Enterprises with Outstanding Performance” and “Awards for Enterprises with Technical Innovation”, both for three terms of office. CASIC ranks the 346th among the Fortune 500, and the 80th among the Top 500 Enterprises in China and the 27th among the Top 500 Manufacturers in China. It also become for the first time one of the Top 500 Brands with the Greatest Value in China with a rank of 46th.