Stock Market News

Taiwan hopes delayed F-16s start arriving by end of this year

2024.09.13 02:52

TAIPEI (Reuters) – Taiwan’s defence ministry said on Friday it was aiming for delivery of the first new F-16V fighter jets by the end of this year, blaming “acute fluctuations” in the international situation for delays in the island receiving them.

The United States in 2019 approved an $8 billion sale of Lockheed Martin (NYSE:) F-16 fighter jets to Taiwan, a deal that would take the island’s F-16 fleet to more than 200 jets, the largest in Asia, to strengthen its defences in the face of a stepped up threat from China, which views Taiwan as its own.

Taiwan has been converting 141 F-16A/B jets into the F-16V type and has ordered 66 new F-16Vs, which have advanced avionics, weapons and radar systems to better face down the Chinese air force, including its J-20 stealth fighter.

But Taiwan has complained of delays for the new F-16Vs, saying problems include software issues.

In an update on the deliveries, Taiwan’s defence ministry said the first batch of new F-16Vs was meant to have been sent in the third quarter of this year.

“Because of acute fluctuations in the international situation, which have resulted in a compound impact such as delays in deliveries of some suppliers and adjustments to the U.S. assembly schedule, there has been a partial adjustment in when they will leave the factory,” it said in a statement.

The ministry will “strive to complete the shipment of the first aircraft in the fourth quarter”.

The air force will keep a close watch on the production schedule and make factory visits with the aim to have the deliveries completed by the end of 2026, it added.

Lockheed Martin did not immediately respond to a request for comment.

Taiwan has reported delays to U.S. weapons deliveries such as Stinger anti-aircraft missiles since 2022, as manufacturers give supplies to Ukraine to help it battle Russian forces, and the issue has concerned U.S. lawmakers.

Taiwan’s air force is well-trained but some of its fighter jets are aging, including its French-made fleet of Mirage 2000s first received in 1997. One crashed into the sea this week during a training exercise.

© Reuters. FILE PHOTO: A pilot and Air Force soldier run towards a F-16V fighter jet for an evening take off as part of a combat readiness mission at the airbase in Hualien, Taiwan, August 17, 2022. REUTERS/Ann Wang/File Photo

The air force has repeatedly scrambled to see off Chinese military aircraft flying near the island in the past five years.

Taiwan’s government rejects China’s sovereignty claims.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,575.41 0.45%
ethereum
Ethereum (ETH) $ 3,472.72 0.84%
tether
Tether (USDT) $ 0.999364 0.24%
xrp
XRP (XRP) $ 2.28 1.98%
bnb
BNB (BNB) $ 705.12 1.01%
solana
Solana (SOL) $ 197.79 0.47%
dogecoin
Dogecoin (DOGE) $ 0.331079 2.54%
usd-coin
USDC (USDC) $ 1.00 0.05%
staked-ether
Lido Staked Ether (STETH) $ 3,468.48 0.42%
cardano
Cardano (ADA) $ 0.911483 3.90%
tron
TRON (TRX) $ 0.256562 0.75%
avalanche-2
Avalanche (AVAX) $ 40.52 1.01%
chainlink
Chainlink (LINK) $ 24.62 1.13%
the-open-network
Toncoin (TON) $ 5.96 3.07%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,128.55 0.22%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 2.36%
sui
Sui (SUI) $ 4.49 3.69%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,161.30 0.27%
hedera-hashgraph
Hedera (HBAR) $ 0.314384 2.57%
stellar
Stellar (XLM) $ 0.383089 3.39%
polkadot
Polkadot (DOT) $ 7.47 1.89%
weth
WETH (WETH) $ 3,470.94 0.81%
bitcoin-cash
Bitcoin Cash (BCH) $ 463.37 2.76%
hyperliquid
Hyperliquid (HYPE) $ 26.82 10.89%
leo-token
LEO Token (LEO) $ 9.53 0.75%
uniswap
Uniswap (UNI) $ 13.90 5.20%
litecoin
Litecoin (LTC) $ 108.73 1.55%
bitget-token
Bitget Token (BGB) $ 5.74 15.21%
pepe
Pepe (PEPE) $ 0.000019 3.32%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,668.12 0.17%
near
NEAR Protocol (NEAR) $ 5.48 3.00%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
aave
Aave (AAVE) $ 369.66 2.48%
usds
USDS (USDS) $ 1.01 0.39%
aptos
Aptos (APT) $ 9.66 2.46%
internet-computer
Internet Computer (ICP) $ 11.25 0.15%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.516395 2.70%
crypto-com-chain
Cronos (CRO) $ 0.158587 5.29%
vechain
VeChain (VET) $ 0.051826 1.66%
mantle
Mantle (MNT) $ 1.24 0.40%
ethereum-classic
Ethereum Classic (ETC) $ 27.34 3.49%
render-token
Render (RENDER) $ 7.54 5.53%
bittensor
Bittensor (TAO) $ 511.80 1.12%
mantra-dao
MANTRA (OM) $ 3.79 0.42%
whitebit
WhiteBIT Coin (WBT) $ 24.93 1.23%
monero
Monero (XMR) $ 194.10 0.30%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.35 4.38%
dai
Dai (DAI) $ 1.00 0.18%
arbitrum
Arbitrum (ARB) $ 0.799717 4.03%
filecoin
Filecoin (FIL) $ 5.30 3.29%