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Business/Financial

Taiwan To Get Patriot Upgrade In $154 Million Foreign Military Sales Contract With Raytheon

DDN

Monday, February 2nd, 2009

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The U.S. Army gave Raytheon Co. [RTN] a $154 million foreign military sales contract for Taiwan to receive Patriot upgrades, the company announced. That move comes as China continues objecting to any move to help Taiwan modernize its military capabilities. China claims that Taiwan is a renegade territory that belongs to China. Beijing legislators enacted a measure calling for the People's Liberation Army to invade and conquer Taiwan unless it submits to rule by Beijing, soon. However, the United States…

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