Taiwan to spend more than $3b on anti-missile systems
Published on Aug 30, 2014 12:24 PM
TAIPEI (AFP) - Taiwan plans to spend NT$74.8 billion (S$3.12 billion) in the next nine years to acquire anti-missile systems to boost its aerial defences against China, a lawmaker and media said on 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.
This 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.
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 defence missions and missile interception, according to Lin.
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