
China's Got US Defense Companies Scrambling To Meet Their Low Low Arms Prices
• Business InsiderThe communist country has leapfrogged past advancements that took Western nations decades to perfect — and it's now looking to turn a profit on all that work.
Hurriyet today announced the race to equip Turkey with a long-range missile system is well underway and China's already sent other countries scrambling.
Europe, Russia, the U.S. and China are all competing for the $4 billion contract and Beijing's Precision Machinery HQ-9 is the lowest competing bid so far.
Word is the offer came in at $1 billion less than expected after Beijing tried to cut the original estimate by half.