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Taiwan Defense Industry Report
November 29, 2023
There is steady growth in Taiwan’s defense industry as it works to expand its ability to respond to threats. Strengthening fundamental and asymmetric capabilities is the primary focus of Taiwan’s recent armed forces buildup, such as upgrading and purchasing tanks, fighter jets, vessels, and unmanned aerial vehicles. Military equipment sales from U.S. businesses to Taiwanese entities can fall under either Foreign Military Sales or Direct Commercial Sales. This report addresses opportunities for Virginia defense companies in Taiwan and the challenges they may face when entering the market.
For more information, check out VEDP's webinar, Global Defense Opportunities in Taiwan.