Rheinmetall will receive over €130 million in funding from the European Union to increase ammunition production.
The US State Department has approved the potential sale of military equipment worth $1.1 billion, including 60 anti-ship missiles and 100 air-to-air missiles, to Taiwan.
The announcement came in the wake of Chinese military exercises around Taiwan following a visit to the island by US House Speaker, Nancy Pelosi, last month – the highest-ranking US official to travel to Taipei in recent years.
The package includes 100 Sidewinder air-to-air missiles and UAVs (worth $85.6 million), 60 Harpoon anti-ship missiles (worth $355 million), and support for Taiwan’s radar system ($665 million), announced the US State Department.
Following State Department approval, the arms sale must also receive congressional approval, which is considered almost certain.
A State Department spokesman said the US is calling on Beijing to stop exerting military, diplomatic and economic pressure on Taipei and instead start a dialogue with it, adding that the United States still supports a peaceful resolution of the issue, according to wishes and in the interest of the people of Taiwan.
China considers Taiwan part of its territory, while Taipei maintains that Beijing never ruled the island and has no right to claim it.
With information from: Reuters, AFP, APA MPA
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