Nov.
16
China
Great
Wall
Industry
Corporation
(CGWIC)
agreed
Tuesday
to
buy
20
rockets
and
eight
telecommunications
satellites
from
two
Chinese
technological
institutes
Tuesday.
CGWIC,
China's
only
satellite
launcher
for
overseas
customers
and
its
sole
satellite
exporter,
will
buy
20
Long
March-3A
rockets
and
related
services
from
the
China
Academy
of
Launch
Vehicle
Technology
(CALT)
over
the
next
five
years.
CGWIC
also
signed
a
deal
with
China
Academy
of
Space
Technology
(CAST)
to
purchase
eight
telecommunications
satellites
including
Dongfanghong-4
satellites
over
the
same
period.
The
two
contracts,
valued
at
15
billion
yuan
(2.26
billion
U.S.
dollars),
were
signed
at
the
eighth
China
International
Aviation
and
Aerospace
Exhibition,
also
known
as
Airshow
China,
which
began
Tuesday
in
Zhuhai
in
south
China's
Guangdong
Province.
CGWIC,
CALT
and
CAST
are
all
subsidiaries
of
China
Aerospace
Science
and
Technology
Corporation
(CASC).
