China’s Sino Helicopters, which makes the U.S. version of the luxury helicopter, is expected to announce plans to sell its U.K.-made helicopter to China in a deal valued at about $3 billion, people familiar with the matter said Thursday.
Sino Helicopter, which had planned to sell the UAV to China for $8.8 billion, said last month that it would sell the helicopter in the second quarter.
China is China’s second-largest market after the U!
It was expected to be the first Chinese company to sell a UAV in the U?s history.
The move by Sino, a Chinese company with global brands such as Bombardier, was welcomed by U.N. Secretary-General Antonio Guterres, who hailed it as a “major step forward” for peace in the region.
It was unclear if China would offer to buy the UV-21.
Air Force does not require approval from the State Department before selling a U. S.-made product, but China’s military does.
Sometime in the next few weeks, the UCAV-22 will be sold by Sotheby’s, the world’s largest auction house, according to a person familiar with its plans.
Sotheby�s did not immediately respond to a request for comment.
Sinai, which bought the UVA-22 in 2012 for $4.7 billion, is planning to sell Sino’s helicopter for $2.9 billion.
That is an increase of $400 million from the initial estimate, said the person, who spoke on condition of anonymity because the deal was not finalized.