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China's Got US Defense Companies Scrambling To Meet Their Low Low Arms Prices

• Business Insider

The 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.

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