by Staff Writers
Taipei (AFP) July 12, 2012
Taiwan's only aircraft maker AIDC said Thursday that it had forged an agreement with US aerospace firm Lockheed Martin to get a piece of the island's $5.85 billion fighter upgrade deal.
Aerospace Industrial Development Corp and Lockheed Martin signed a memorandum of understanding at Britain's Farnborough International Airshow Wednesday, according to a statement released by AIDC.
AIDC attaches great importance to the biggest ever F-16 upgrade project to be obtained by Lockheed Martin, it said.
Details of the proposed subcontracts from Lockheed Martin have not been finalised, an AIDC official said.
Taiwan's defence ministry has said that the upgrade, which will take 12 years to complete, would give its 146 US-made F-16 A/Bs a significant boost.
The jets will be equipped with radar capable of detecting Chinese stealth aircraft and may also be armed with precision munitions, according to the ministry.
Ties with Beijing have improved since Ma Ying-jeou of the China-friendly Kuomintang party came to power in 2008 on promises of ramping up trade links and allowing in more Chinese tourists.
But Beijing still refuses to renounce the use of force against Taiwan should it declare formal independence, even though the island has governed itself since the end of a civil war in 1949.
Aerospace News at SpaceMart.com
Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.
Farnborough lives up to reputation
Farnborough, England (UPI) Jul 11, 2012
The Farnborough Air Show's reputation as a premier event for bringing together the world's aerospace giants and customers is anything but exaggerated. The show in England, which began Monday, has resulted in a tidal wave of announcements of equipment and service deals, as well as partnering by international firms to jointly produce and market systems. ITT Exelis, EADS North Ameri ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|