🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Taiwan commissions advanced new F-16s as China threat grows

Published 11/17/2021, 11:09 PM
Updated 11/18/2021, 05:44 AM
© Reuters. FILE PHOTO: Taiwan's President Tsai Ing-wen speaks during the national day celebration in Taipei, Taiwan, October 10,2021. REUTERS/ Ann Wang/File Photo
LMT
-
RTX
-

By Ann Wang

CHIAYI, Taiwan (Reuters) - Taiwan President Tsai Ing-wen lauded military cooperation with Washington on Thursday as she commissioned the first combat wing of F-16 fighters upgraded with U.S. help to bolster the island's defences during rising tensions between Taipei and Beijing.

Frequent Chinese and U.S. military exercises in the region have raised fears of conflict touched off by a crisis over democratically-ruled Taiwan, which Beijing claims as its own territory.

Tsai told a ceremony at an air base in the southern Taiwanese city of Chiayi to unveil the first squadron of its most advanced F-16s, the F-16V, that the project showed the firm commitment of the Taiwan-U.S. partnership.

"I believe that as long as we adhere to the values of democracy and freedom, there will be more like-minded countries standing on the same front with us," she said, speaking on the same stage as the top U.S. diplomat in Taiwan, Sandra Oudkirk.

The United States has no official diplomatic ties with Taiwan but is the island's main international backer and arms supplier, to Beijing's fury.

The T$110 billion ($3.96 billion) F-16 upgrade is led by manufacturer Lockheed Martin Corp (NYSE:LMT) and Taiwan's Aerospace Industrial Development Corp (AIDC), and is the latest example of military cooperation between Washington and Taipei.

Taiwan has been converting 141 F-16A/B jets into the F-16V type, 64 of which have already been upgraded, and has additionally ordered 66 new F-16Vs, which have new avionics, weapons and radar systems to better face down the Chinese air force, including its J-20 stealth fighter.

The F-16Vs can carry Raytheon Technologies (NYSE:RTX) Corp's advanced AIM-9X Sidewinder air-to-air missiles.

To a backdrop of dance music broadcast over the air base, the F-16s showed off their mettle with combat take offs and landings, and flying low in formation above the runway.

Tsai said that as more F-16Vs entered service, Taiwan's defences would be "even stronger".

Taiwan's air force is well trained but dwarfed by China's.

The United States in 2019 approved an $8 billion sale of F-16 fighter jets to Taiwan, a deal that would take the island's F-16 fleet to more than 200 jets, the largest in Asia.

China has announced sanctions on Lockheed Martin for selling arms to Taiwan.

© Reuters. Taiwan President Tsai Ing-wen oversees the commission of the first squadron of the upgraded F-16V fighters in Chiayi Air Force Base, Chiayi, Taiwan, November 18, 2021. REUTERS/Ann Wang

($1 = 27.7470 Taiwan dollars)

(This story has been refiled to correct typo in paragraph 9 to "mettle")

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.