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U.S., Israeli drone makers keep wary eye on rising Chinese [Reuters (UK)]

IHS Markit Ltd Common Shares (INFO)  More Company Research Source: Reuters
Last ihs markit ltd common shares earnings: 9/25 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.ihsmarkit.com
PDF U.S., Israeli drone makers keep wary eye on rising Chinese | Reuters 5 Min Read SINGAPORE (Reuters) - Cheaper Chinese military drones are chipping away at U.S. and Israeli domination of the industry, fuelling a new race as companies predict a rise in demand especially in regions such as Asia. Chinese cut-rate versions of American armed drones like the MQ-9 Reaper have begun showing up in smaller African, Middle Eastern and Central Asian countries, signaling the country’s ambitions to take market share from incumbents such as General Atomics Aeronautical Systems and Israel Aerospace Industries. At the Singapore Airshow here , state contractor China National Aero-Technology Import & Export Corporation (CATIC) showed off two versions of its Wing Loong reconnaissance and strike unmanned aerial system (UAS). It was the drone's first public appearance in Southeast Asia, according to trade media, and the booth drew military personnel from countries such as Myanmar and Malaysia. These Chinese [Read more]

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