Taiwan Could Buy Anti-Tank Systems from the U.S. for $180 Million After State Department Approves Sale

Per Reuters

Taiwan can now buy anti-tank systems from the United States while China is ramping up its military, diplomatic, and economic pressure on the country. The Pentagon announced that they approved the possible sale of Volcano anti-tank mine-laying systems.

The U.S. State Department gave the authorization of a possible sale of the systems to Taiwan. This comes as U.S. law requires that the Congress be notified by the executive branch regarding arms sales that extend over a particular amount.

The approval comes just a few weeks after the U.S. Congress released the 2023 National Defense Authorization Act's final version, per Focus Taiwan. The Act provided Taiwan with assistance and terms that would allow them to strengthen its military.

The 2023 NDAA authorizes grants and loans from the U.S. to Taiwan totaling up to $12 billion over the course of the next five years. The main use of these grants and loans is so that weapons can be bought.

The bill is expected to pass the Senate and House of Representatives within the month. After this, the final 2023 NCAA will be sent over to President Joe Biden in the White House for it to be signed and officially take effect.

On top of its grants and loans to Taiwan, the bill also includes an $817 billion authorized budget for the Department of Defense.

Oshkosh Corporation and Northrop Grumman are the main contractors for this potential sale. The defense ministry of Taiwan said that the sale would actualize in about a month.

The ministry gave a statement regarding how they are facing China and how their activities result in threats to Taiwan. They also expressed how continuous military sales are important to help them maintain peace and stability within the region.

"The Chinese Communist Party's frequent military activities near Taiwan have posted severe military threats to us,"

The United States remains Taiwan's main source of arms, which causes even more complications with China. In the span of 24 hours, China sent seven ships and 71 warplanes toward the country, per NBC News.

Resources:

Reuters

Focus Taiwan

NBC News

See flow at unusualwhales.com/flow.

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.