01 September 2014

News Story: Taiwan to spend $2.5 billion on anti-missile systems

Sky Bow III Missile Launcher (Wiki Info - Image: Wiki)

TAIPEI — plans to spend Tw$74.8 billion ($2.5 billion) in the next nine years to acquire anti-missile systems to boost its aerial defenses against China, a lawmaker and media said Saturday.

The defense 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 aging Hawk missile systems, said lawmaker Lin Yu-fang of the parliament's defense committee.

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

Read the full story at DefenseNews