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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World China stealth-jet firm eyes US contracts: report AFP - 1 hour 43 minutes ago Send IM Story Print China stealth-jet firm eyes US contracts: report BEIJING (AFP) - – The maker of China's new stealth fighter plans to team up with a small California firm for what would seem like mission impossible: bidding for US defence contracts, according to a report. China Aviation Industry Corp, or AVIC, is in talks with US Aerospace Inc about joining forces to seek contracts for projects that could include supplying helicopters used by the US president, the Wall Street Journal said. The report quoted unidentified sources close to the discussions. The idea appears far-fetched. Previous Chinese moves to enter strategic US sectors have been thwarted after arousing intense political opposition. That is sure to occur if any Chinese involvement in the defence industry is suggested, especially given growing US concern about China's expanding armed forces. A prototype of China's first stealth fighter -- the AVIC-produced J-20 -- made its maiden flight last month, shocking observers and underlining the rapid development of China's military capability. The plane, unveiled during a visit to China by US Defense Secretary Robert Gates, is seen as a future rival to the US Air Force's F-22 Raptor, currently the world's only fully operational next-generation stealth fighter jet. AVIC is discussing with US Aerospace the possibility of offering the AC-313 -- China's largest domestically produced helicopter -- for the next generation of aging Marine One helicopters, which are used to transport the president, the report quoted sources as saying. They also may put forward AVIC's new L-15 training jet to replace the US Air Force's fleet of Northrop T-38s, it said. The Pentagon is highly concerned about the possibility of China obtaining US military secrets. Reports have suggested the Chinese stealth jet may have been made with technology from a US plane shot down in 1999 by Serbian forces during the Kosovo war, but a Chinese defence official has rejected that. AVIC offices were closed Friday for the Lunar New Year holiday. The Wall Street Journal said US Aerospace is best known for making an unsuccessful bid last year to enter cargo planes made by Antonov, a state-run Ukrainian company, in a competition to supply the US Air Force with a new aerial tanker. Recommend Send IM Story Print Related Articles RPT-UPDATE 1-Inflation serious threat to growth - India PM Reuters - 31 minutes ago Italy's Prysmian wins over Draka as bid closes Reuters - 33 minutes ago Ackruti City Oct-Dec net at 789.3 mln rupees Reuters - 33 minutes ago Russia coal firm KOKS pospones IPO - source Reuters - 39 minutes ago Shareholder says Actelion CEO should quit - paper Reuters - 43 minutes ago News Search Top Stories Eurozone bailout fund to get more powers: report Cultural shift behind Italian women's thinning 'Tsunami' of obesity worldwide: study Physical exercise helps keeps cancer at bay: WHO Amazon's double dry spell worries scientists More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed US golfer Woods finds old habits hard to shake Russia loses military satellite: reports US auto sales jump 17 percent in January Dow closes over 12,000 for first time since June 2008 Egypt's Mubarak to step down at September election More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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