|Industry||aerospace, space industry|
|Predecessor||China Aerospace Corporation|
|Founded||July 1, 1999|
|Lei FanpeiChairman and President)(|
|Revenue||CN¥294.02 billion (2013)|
Number of employees
|China Aerospace Science and Technology Corporation|
The China Aerospace Science and Technology Corporation (CASC) is the main contractor for the Chinese space program. It is state-owned and has a number of subordinate entities 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 defence manufacture, CASC also produces a number of civilian products such as machinery, chemicals, communications equipment, transportation equipment, computers, medical care products and environmental protection equipment. CASC provides commercial launch services to the international market and is one of the world's most advanced organizations in the development and deployment of high energy propellant technology, strap-on boosters, and launching multiple satellites atop a single rocket. By the end of 2013, the corporation has registered capital of CN￥294.02 billion and employs 170,000 people. Its Rainbow series of drones in December 2019 was being exported to Saudi Arabia, the United Arab Emirates, Egypt and Pakistan.
The "directly subordinated units"[clarification needed] of the China Aerospace Science and Technology Corporation are:
In October 2013, the China Aerospace Science and Technology Corporation announced that it had completed a first ignition test on a new LOX/Liquid methane rocket engine. No engine size was provided.
On December 28, 2016 the company launched Superview 1A and 1B aboard a LongMarch 2D rocket, two Earth imaging satellites equipped with 0.5 meter optical resolution. These satellites were described at the time as the first of an eventual 24-satellite constellation composed of 16 optical satellites, 4 high-resolution optical satellites, and 4 radar imaging satellites. The company initially planned to launch the satellites at a rate of 2 per year, with completion scheduled for 2022. The company planned to compete with international providers to sell imagery to both government and commercial customers.
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.