Reports: US Govt Approves $2B Sale of Frigates, Weapons to Taiwan

NavyShipThe State Department has cleared a potential $1.83 billion foreign military sales agreement for Taiwan to procure two Ferry-class guided missile frigates and associated weapons from the U.S., Reuters reported Wednesday.

David Brunnstrom and Patricia Zengerle write the department identified Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) as primary contractors for the sale.

The Taiwanese defense agency has said the equipment will be phased in over several years and be built to support Taiwan’s defense missions.

Defense News reported the order also covers AAV7 amphibious armored personnel carriers, Javelin and TOW 2B anti-tank missiles, Phalanx close-in weapon systems, Stinger surface-to-air missiles, F-16 components, naval ship data links and support for Syun-An C4ISR systems.

The State Department approved the arms sale to Taiwan in conformity with the “One China” policy of the U.S. government, according to the story by Aaron Mehta.

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