5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Taiwan reveals 1st domestically-made submarine in a defense milestone

by
September 28, 2023
in Stock
0
Taiwan reveals 1st domestically-made submarine in a defense milestone













TAIWAN’s President Tsai Ing-wen (lower right) attends the launching ceremony of Haikun, its first domestically built submarine, in Kaohsiung, Taiwan Sept. 28, 2023. — REUTERS

KAOHSIUNG, Taiwan — Taiwan unveiled its first domestically developed submarine on Thursday, a major step in a project aimed at strengthening the island’s defense and deterrence against the Chinese navy, though it won’t enter service for another two years.

Taiwan, which China claims as its own territory, has made the indigenous submarine program a key part of an ambitious project to modernize its armed forces as Beijing stages almost daily military exercises to assert its sovereignty.

President Tsai Ing-wen, who initiated the plan when she took office in 2016, showed off the first of eight new submarines on Thursday in the southern city of Kaohsiung.

“In the past, a domestically developed submarine was considered an impossible task. But, today, a submarine designed and manufactured by our country’s people sits before our eyes,” Ms. Tsai said, adding that it would play an important role in strengthening the navy’s “asymmetric warfare” capabilities.

“Even if there are risks, and no matter how many challenges there are, Taiwan must take this step and allow the self-reliant national defense policy to grow and flourish on our land,” Ms. Tsai said, standing in front of the ship, named the Narwhal. Taiwan’s red flag, featuring a white sun against a blue sky, was wrapped around the submarine’s bow.

Ms. Tsai said the Narwhal will enter service in 2025, joining two existing submarines purchased from the Netherlands in the 1980s.

The indigenous submarine program has drawn on expertise and technology from several countries — a breakthrough for diplomatically isolated Taiwan.

Speaking to reporters in Taipei, Taiwan Foreign Minister Joseph Wu said that faced with an increased threat from China’s military “grey zone” pressure tactics close to the island with air and naval activities, Taiwan had to strengthen its defenses.

“Having a new submarine is one of those strategies. For anyone who questions Taiwan’s submarine strategy, I would be a most forceful advocate for Taiwan to acquire submarines because that’s needed to deter war from taking place,” Mr. Wu said.

Taiwan hopes to deploy at least two such domestically developed submarines by 2027, and possibly equip later models with missiles, the head of the program said this month.

The first submarine, with a price tag of T$49.36 billion ($1.53 billion), will use a combat system by Lockheed Martin Corp. and carry US-made Mark 48 heavyweight torpedoes. It will enter sea trials next month before delivery to the navy by the end of 2024.

Admiral Huang Shu-kuang, Tsai’s security adviser leading the program, has described the submarines as a “strategic deterrent” that can also help maintain the island’s “lifeline” to the Pacific by keeping ports along Taiwan’s eastern coast open. — Reuters

Neil Banzuelo

RELATED ARTICLESMORE FROM AUTHOR



MORE STORIES


Previous Post

US, Japan warn multinational firms vs  China-linked hacking group BlackTech

Next Post

Snowsports Platform Secures £2.5million in Series A Funding Round to Fuel European Growth and Enhance Customer Experience

Next Post
Snowsports Platform Secures £2.5million in Series A Funding Round to Fuel European Growth and Enhance Customer Experience

Snowsports Platform Secures £2.5million in Series A Funding Round to Fuel European Growth and Enhance Customer Experience

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Panasonic Manufacturing Philippines Corp. to virtually convene stockholders for its Annual Meeting on July 18

    Panasonic Manufacturing Philippines Corp. to virtually convene stockholders for its Annual Meeting on July 18

    June 20, 2025
    UK jobs market shows modest rise in new postings as tax pressures weigh

    UK jobs market shows modest rise in new postings as tax pressures weigh

    June 20, 2025
    Lack of role models holding back jobseekers with Down’s syndrome, study finds

    Lack of role models holding back jobseekers with Down’s syndrome, study finds

    June 20, 2025
    Royal Mail boss quits after just one year as new owner takes over

    Royal Mail boss quits after just one year as new owner takes over

    June 20, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.