China’s NORINCO reports sales up 36.3% | Janes

Martian

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China's NORINCO is one of the most important Chinese defense companies. NORINCO's annual revenues are larger than Lockheed Martin.

Interestingly, NORINCO's sales and profits are both up by over 30% for the first quarter of 2017.
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China’s NORINCO reports strong quarterly gains | Janes

"In a statement, the NORINCO Group said its revenues in the quarter increased year on year by 36.3% to CNY102.5 billion (USD14.9 billion) and its total profit was CNY4.4 billion, an increase of 31%."

 

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