China underbids Raytheon for Turkey's new missile defense system

China bids below $3 billion and thus forcing the U.S. to decrease its offer in order to stay in the competition

China underbids Raytheon for Turkey's new missile defense system

World Bulletin/News Desk

 The race for Turkey’s missile tender, worth $4 billion, is warming up, with China bidding below $3 billion and thus forcing the U.S. to decrease its offer in order to stay in the competition, according to the Hurriyet Daily News.

Despite representatives of Raytheon declining to comment on the tender process, according to the sources the U.S. firm has been working hard to rehabilitate its offer for the Patriot system. 

For the estimated $4 billion contract, the pan-European company Eurosam, maker of the Surface-to-Air Missile Platform/Terrain Aster 30 system, is competing with a Raytheon-Lockheed partnership marketing Patriots; Russia’s Rosoboronexport, marketing the S-300 system; and China Precision Machinery Export-Import Corp., offering its HQ-9.

However, the tender was delayed due to China’s move to haul prices down to almost half the original. 

Last Mod: 09 Şubat 2013, 09:59
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