Taiwan’s AIDC reports NT$16.2 billion revenue in May

TAIPEI (Taiwan News) — Aerospace Industrial Development Corporation (AIDC) reported Wednesday (June 19) a record NT$16.2 billion (US$500 million) in revenue in May. In an online meeting, AIDC deputy finance manager Huang Shu-yuan (黃淑媛) reported the company’s growth and its prospects in defense and services, per CNA.

New US arms sale to Taiwan approved

The Biden administration approved a $360 million weapons sale to Taiwan on Tuesday, the State Department announced. The announcement means the U.S. will be sending the island hundreds of armed drones, missile equipment and related support material ...