Taiwan Arms Trade Deals Boosting Arizona Companies

Via bizjournals.com

Trade deals with Taiwan calling for that country to buy more weapons is boosting jobs and work at U.S. manufacturers, including ones in Arizona.

Reuters reported the Taiwanese government of items from attack helicopters to missile defense systems were a boost to work being done by Arizona firms such as Raytheon Co and Boeing Co.

Raytheon (NYSE: RTN) makes missile systems in Tucson while Boeing (NYSE: BA) makes helicopters, such as that AH-64 Apache, in Mesa.

According to a study, between 2006 and 2015, Taiwan accounted for about $2 billion in annual spending to U.S. defense manufacturers.

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