Deals
Turkey Abandons China Deal to Buy $3.4 Billion Arms System
- Plan now is to develop own long-range missile defense system
- China's CPMIEC made top bid in tender, Turkey decided in 2013
This article is for subscribers only.
Turkey canceled a long-delayed plan to buy a missile defense system and will develop its own instead.
The country, which has the largest army in NATO after the U.S., picked China Precision Machinery Import-Export Corp.’s $3.4 billion bid as the best offer in 2013. Prime Minister Ahmet Davutoglu signed the decree to cancel the project, a government official said, speaking on condition of anonymity because the information isn’t public.