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Business/Finance See other Business/Finance Articles Title: 2 Chinese companies to make 24% of all missiles over next 5 years Want... Two Chinese arms dealers will account for nearly a quarter of total production in the international missile market over the next five years, based on figures in a report from Russia's Military-Industrial Courier. The report estimated that there will a total of be 201,507 missiles entering the US$66.3 billion global arms market over the next five years. In terms of production volume, China North Industries Corporation, better known as Norinco, leads the pack with an estimated 29,423 units, or 15% of total missiles manufactured. In second place is America's Raytheon with 22,658 units, while China Precision Machinery Import-Export Corporation (CPMIEC) comes in third with 18,380 units. Together, the two Chinese companies will account for 24% of total missile production in the world between now and 2019. In terms of the monetary value of transactions, however, the top spots are occupied by US companies, with Raytheon leading the way with US$10.1 billion and Lockheed Martin coming in second with US$5.5 billion. Third place China Aerospace Science and Technology Corporation is only marginally behind with just around US$5.5 billion as well, while CPMIEC ranks fourth with US$4.7 billion. American analysts predict that the scale of the long-range attack missile market will increase from the current US$1.2 billion to US$1.5 billion by 2019, with sales expected to reach 19,000 units and US$6.6 billion over the next five years. Lockheed Martin will lead this portion of the market with estimates sales of US$1.4 billion, predominantly due to its AGM-158 joint air-to-surface standoff missile exports to countries like Australia, Finland and Poland. In the air-to-air missile market, total sales over the next five years is estimated to be 22,600 units and US$7.8 billion, with Raytheon and London-based MBDA as market leaders thanks to the huge demand from the US military. MBDA is also expected to do well as its Meteor beyond-visual-range air-to-air missile hits the market this year. Surface-to-air missiles will see a reduction in production but an increase in price. Raytheon will lead this section of the market, with Lockheed Martin and MBDA rounding out the top three. Surface-to-air missiles are expected to emerge in more non-American markets, predominantly Europe, Russia, Israel, China and Japan. The value of the anti-ship missile market will reach US$5.6 billion within five years. Russia and China will lead this segment of the market despite relatively low exports, largely because many market players are still equipped with Western-manufactured missiles. Leading exporters in this sector will be MBDA and Boeing. The US will be able to strengthen its position in the anti-ship missile market if missiles developed under America's offensive anti-surface warfare weapons development program can become a reality following a planned tender in 2017. By 2018, however, Brazil's Avibras Industria Aeroespacial Turkey's Aselsan will be launching their own new missiles into the market. The anti-tank missile market is currently in a transition phase as production of old models are being cut down to make way for new weapons. The US, for example, does not wish for a large-scale decommissioning of its AGM-114 Hellfire missile and intends for the air-to-surface missile to be gradually replaced by joint air-to-ground missiles. France's new portable middle-range and long-range anti-tank missiles have also just entered the international market. Over the next five years, this segment of the market is expected to have a total scale of US$5.3 billion, with sales of more than 109,000 missile units. Lockheed Martin and Raytheon are expected to account for 30% of sales. Post Comment Private Reply Ignore Thread
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