BIG: Iran is expected to receive 300–400 Chinese MANPADS (QW-12 and FN-16 models) in a $60–70M deal, with first shipments due within weeks via Urumqi through Pakistan.

INTELLIGENCE SUMMARY

BIG: Iran is expected to receive 300–400 Chinese MANPADS (QW-12 and FN-16 models) in a $60–70M deal, with first shipments due within weeks via Urumqi through Pakistan. The contract runs through a Hong Kong intermediary, Zhongqing Baoshang. China and Pakistan deny the report. Source: Reuters