🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

U.S. approves $95 million boost to Taiwan's air defense system

Published 04/05/2022, 05:24 PM
Updated 04/05/2022, 08:55 PM
© Reuters. FILE PHOTO: The Pentagon is seen from the air in Washington, U.S., March 3, 2022, more than a week after Russia invaded Ukraine. REUTERS/Joshua Roberts/File Photo
RTN
-

WASHINGTON (Reuters) -The U.S. State Department has approved the potential sale to Taiwan of equipment, training and other items to support the Patriot Air Defense System in a deal valued at up to $95 million, the Pentagon said on Tuesday.

Chinese-claimed Taiwan has complained of increased military pressure by Beijing to try and force the democratically ruled island to accept its sovereignty.

The package would include training, planning, fielding, deployment, operation, maintenance and sustainment of the Patriot Air Defense System and associated equipment, the Pentagon said, in a notification to Congress.

"This proposed sale serves U.S. national, economic, and security interests by supporting the recipient's continuing efforts to modernize its armed forces and to maintain a credible defensive capability," it said.

"The proposed sale will help to sustain the recipient's missile density and ensure readiness for air operations. The recipient will use this capability as a deterrent to regional threats and to strengthen homeland defense."

The United States is bound by law to provide Taiwan with the means to defend itself, despite the absence of formal diplomatic ties and the anger such weapons sales always generate in Beijing.

Taiwan's presidential office noted this was the third arms sale announced since President Joe Biden took office, and showed the "rock solid" nature of their relationship.

"Taiwan will continue to demonstrate its determination to defend itself, and continue to deepen cooperative partnerships with the United States and other like-minded countries," spokesperson Xavier Chang said in a statement.

Despite approval by the State Department, the notification does not indicate that a contract has been signed or that negotiations have concluded.

The Pentagon said Raytheon (NYSE:RTN) was the prime contractor for the possible sale.

© Reuters. FILE PHOTO: The Pentagon is seen from the air in Washington, U.S., March 3, 2022, more than a week after Russia invaded Ukraine. REUTERS/Joshua Roberts/File Photo

Taiwan's Defense Ministry said it expected the deal to "become effective" within the month.

The United States is Taiwan's main international arms supplier.

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.