Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

US approves $2 billion arms sale to Taiwan including Ukraine tested missile system

by
October 26, 2024
in Stock
0
US approves $2 billion arms sale to Taiwan including Ukraine tested missile system

By Mike Stone and Ben Blanchard

WASHINGTON/TAIPEI (Reuters) -The United States has approved a potential $2 billion arms sale package to Taiwan, the Pentagon said on Friday, including the delivery for the first time to the island of an advanced air defense missile system battle tested in Ukraine.

The United States is bound by law to provide Chinese-claimed Taiwan with the means to defend itself despite the lack of formal diplomatic ties, to the constant anger of Beijing.

China has been stepping up military pressure against Taiwan, including holding a new round of war games around the island last week, the second time it has done so since Lai Ching-te took office as Taiwan’s president in May.

The Pentagon’s Defense Security Cooperation Agency said the new sale consisted of $1.16 billion in missile systems and radar systems worth an estimated $828 million. The principal contractor for the missile system will be RTX Corp, the Pentagon said.

“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 in a statement.

“The proposed sale will help improve the security of the recipient and assist in maintaining political stability, military balance, and economic progress in the region.”

The missile system sale is for three National Advanced Surface-to-Air Missile System (NASAMS) medium-range air defense solutions that includes the advanced AMRAAM Extended Range surface to air missiles, it added.

The NASAMS system has been battle tested in Ukraine and represents a significant increase in air defense capabilities that the United States is exporting to Taiwan as demand for the system surges.

A U.S. government source told Reuters on condition of anonymity that NASAMS was a new weapon for Taiwan, with Australia and Indonesia the only others in the region currently operating it.

Taiwan’s defense ministry welcomed the announcement, noting the “proven” use of NASAMS in Ukraine and saying it would help Taiwan’s air defense capabilities in the face of China’s frequent military maneuvers.

Taiwan’s military is bolstering its armaments to be able to better face any attack from China, including building its own submarines to defend vital maritime supply lines.

China detests Lai as a “separatist” and has rebuffed his repeated calls for talks. Lai rejects Beijing’s sovereignty claims saying only Taiwan’s people can decide their future.

China’s government on Saturday kept up its attacks on Lai, denouncing comments he made on Friday on a sensitive frontline island about how no “external force” can change Taiwan’s future.

“There can be no future for ‘Taiwan independence’. The future of Taiwan lies in the complete reunification of the motherland,” China’s Taiwan Affairs Office said in a statement.

This post appeared first on investing.com
Previous Post

China expresses concern over tariffs, sanctions in US meeting

Next Post

Japan warns against ‘one-sided’ currency moves as yen slides

Next Post
Japan warns against ‘one-sided’ currency moves as yen slides

Japan warns against ‘one-sided’ currency moves as yen slides

Subscribe to InvestiStratix.com

    Popular News

    Mexico signals room for rate cuts as growth cools and inflation risks ease

    Mexico signals room for rate cuts as growth cools and inflation risks ease

    May 8, 2025
    US Fed holds interest rates steady, resists Trump’s pressure amid rising economic uncertainty

    US Fed holds interest rates steady, resists Trump’s pressure amid rising economic uncertainty

    May 8, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    May 8, 2025
    Copper prices surge on supply constraints and robust US demand

    Copper prices surge on supply constraints and robust US demand

    May 7, 2025
    President Trump halts airstrikes as Yemen’s Houthis indicate readiness to end conflict

    President Trump halts airstrikes as Yemen’s Houthis indicate readiness to end conflict

    May 7, 2025

    Trending News

    Mexico signals room for rate cuts as growth cools and inflation risks ease

    Mexico signals room for rate cuts as growth cools and inflation risks ease

    May 8, 2025
    US Fed holds interest rates steady, resists Trump’s pressure amid rising economic uncertainty

    US Fed holds interest rates steady, resists Trump’s pressure amid rising economic uncertainty

    May 8, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      May 8, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      May 7, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved