16 November 2015

News Story: Turkey Cancels $3.4B Missile Deal With China

Chinese Surface-to-Air Missile System (File Photo)
ANTALYA, Turkey — Turkey has canceled a multi-billion-dollar deal with China to build its first anti-missile system that had alarmed Ankara's allies in NATO, a Turkish official said on Sunday.

"The deal was canceled," the official from Prime Minister Ahmet Davutoglu's office told AFP.

"One of the main reasons is that we will launch our own national missile project," added the official.

The news came as Turkey hosted key Western allies including US President Barack Obama but also Chinese leader Xi Jinping for the summit of G20 top economies in the Mediterranean resort of Antalya.

Turkey entered negotiations in 2013 with the China Precision Machinery Import-Export Corporation (CPMIEC) to finalize a contract worth $3.4 billion (€3 billion).

Read the full story at DefenseNews