Philippines Rejects China's Criticism Of US Missile Plan [Barron's]
Lockheed Martin Corporation (LMT)
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Source: Barrons
The Philippine Army announced plans on Monday to acquire the US Typhon missile system as part of a push to protect Manila's maritime interests, swiftly drawing a warning from China about a regional "arms race". China's navy and coast guard have engaged in escalating confrontations with the Philippines in recent months over disputed reefs and waters in the South China Sea. Beijing claims almost the entire South China Sea despite an international ruling that its assertion has no legal basis. "The Philippines is a sovereign state, not any country's 'doorstep'," Defence Secretary Gilberto Teodoro said. "Any deployment and procurement of assets related to the Philippines' security and defence fall within its own sovereign prerogative and are not subject to any foreign veto," he said in a statement. The US Army deployed the Typhon missile system in the northern Philippines for annual joint military exercises with its longtime ally this year and decided to leave it there, despite
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