(Yicai Global) Dec. 30 -- China's Aerospace CH UAV, an affiliate of the country's main space program contractor, has kicked off mass production at its new hometown factory, seeking to deliver 200 medium-sized and large military drones to clients each year.
The first batch of Rainbow CH-4 drones have already been tested and will be delivered to government agencies soon, the Taizhou-based company said in a statement today. Aerospace CH UAV is controlled by an academy whose parent is the China Aerospace Science and Technology.
In late October, the manufacturer finished assembling its first CH-4 at the Taizhou plant as part of the CNY157 million (USD22.4 million) contract with the National Geomatics Center of China regarding seven such types of drones to be used in emergency mapping.
Aerospace CH UAV, one of the few Chinese firms that have embarked on large civil drone manufacturing, showcased its technologies at Zhuhai's 12th China International Aviation & Aerospace Exhibition last year.
Aerospace CH UAV's share price [SHE:002389] rose 1.2 percent to CNY11.21 (USD1.61) this afternoon.
Editor: Emmi Laine