(Yicai Global) Jan. 25 -- A unit of Xi'an Tianhe Defense Technology will provide an intelligence command system for man-portable air-defense systems and spare parts for a Chinese military unit.
It signed a CNY110.2 million (USD16.3 million) order contract on Jan. 23, whose value represents around one-third of Tianhe Defense's audited prime operating revenue in 2017, China's first private military firm, which is based in Xi'an, Shaanxi province, announced yesterday.
The announcement gave no further details of the name of the product or the military unit, however.
The Shenzhen stock exchange has exempted the firm [SHE:300397] from disclosing such information.
Editor: Ben Armour