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Saturday, August 30, 2014

Taiwan to spend US$2.5b on anti-missile systems

Tien Kung 3 (Sky Bow 3) missileTaiwan plans to spend TW$74.8 billion (S$3.1 billion, US$2.5 billion) in the next nine years to acquire anti-missile systems to boost its aerial defences against China, a lawmaker and media said Saturday.

The defence ministry aims to purchase the locally-made Tien Kung 3 (Sky Bow 3) surface-to-air missile system between 2015 and 2024 to replace the ageing Hawk missile systems, said lawmaker Lin Yu-fang of the parliament's defence committee. T

his will be the biggest procurement of domestically-made weapon systems in recent years, Lin said, citing a defence budget plan submitted to the parliament for approval on Friday.

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