BREAKING NEWS

Turkey chooses Chinese firm under US sanctions for missile defense system tender

By REUTERS

SEPTEMBER 27, 2013 12:38

ISTANBUL - NATO member Turkey has chosen a Chinese defense firm that has been hit by US sanctions to co-produce a $4 billion long-range air and missile defense system, rejecting rival bids from Russian, US and European firms.

The Turkish defense minister announced the decision to award the contract to China Precision Machinery Import and Export Corp (CPMIEC) in a statement on Thursday.

In February, the United States announced sanctions on CPMIEC for violations of the Iran, North Korea and Syria Nonproliferation Act.

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