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Trump Administration Proposing $1.3 Million In Arms Sales To Taiwan

The State Department on June 29 said it has approved and notified Congress of a potential $1.3 billion arms sale to Taiwan that includes support and upgrades for a Lockheed Martin [LMT] surveillance radar program and Raytheon [RTN] air-to-surface weapons, torpedoes, and other systems.The proposed foreign military sales include $400 million related to technical support for early warning radar surveillance and $80 million for upgrade of the Raytheon AN/SLQ-32A electronic warfare shipboard suite.The potential deal also includes a $250 million sale for 46 of…

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