US approves $2B arms sale to Taiwan including air-to-air missiles and NASAMS weapon systems [Business Insider]
RTX Corporation (RTX)
Company Research
Source: Business Insider
NASAMS have been used by Ukrainian forces against Russian missiles. The US on Friday approved a potential arms sale package for Taiwan worth nearly $2 billion. The first part of the package would include three National Advanced Surface-to-Air Missile Systems (NASAMS) and 123 Advanced Medium Range Air-to-Air Missile (AMRAAM-ER) missiles, among other things, costing $1.16 billion, the Defense Security Cooperation Agency (DSCA) said in a press release. An additional $828 million sale would include radar systems, the agency said. The deal awaits approval by Congress. The DSCA said the package would improve Taiwan's "capability to meet current and future threats" by improving its air defenses and helping it provide regional security and increase "interoperability" with the US. "The proposed sale of this equipment and support will not alter the basic military balance in the region," it added. The NASAMS is a medium-range air-defense system that can be used to defend against a
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