30 Aug '14, 3pm

Taiwan to spend $2.5 billion on anti-missile systems ~via Defense News

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. The Tien Kung 3 surface-to-air missile system, developed by Taiwan's Chungshan Institute of Science and Technology, is designed to counter tactical ballistic missiles for air defense missions and missile interception, according to Lin. The institute reportedly has spent more...

Full article: http://www.defensenews.com/article/20140830/DEFREG03/3083...

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