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U.S. State Department approves $2.37 bln more in potential arms sales to Taiwan -Pentagon

Credit: REUTERS/KIM KYUNG-HOON

The U.S. State Department has approved the potential sale of 100 Boeing-made Harpoon Coastal Defense Systems to Taiwan in a deal that has a potential value of up to $2.37 billion, the Pentagon said on Monday.

By Mike Stone

WASHINGTON, Oct 26 (Reuters) - The U.S. State Department has approved the potential sale of 100 Boeing-made Harpoon Coastal Defense Systems to Taiwan in a deal that has a potential value of up to $2.37 billion, the Pentagon said on Monday.

The move comes days after the State Department approved the potential sale of three other weapons systems to Taiwan, including sensors, missiles and artillery that could have a total value of $1.8 billion which prompted a sanctions threat from China.

Earlier on Monday in Beijing, a Chinese foreign ministry spokesman told reporters China will impose sanctions on Lockheed Martin LMT.N, Boeing Defense BA.N, Raytheon RTX.N and other U.S. companies it says are involved in Washington's arms sales to Taiwan.

The U.S. moves come as the Trump administration ramps up pressure on China in the runup to the Nov. 3 presidential election and concerns rise about Beijing's intentions toward Taiwan. Beijing sees Taiwan as a renegade province that it has vowed to reunite with the mainland, by force if necessary.

(Reporting by Mike Stone in Washington, D.C. additional reporting by David Brunnstrom Editing by Chris Reese and Matthew Lewis)

((mike.stone1@thomsonreuters.com; https://twitter.com/MichaelStone; +1 646 223 6228;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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