Xi Jinping Deploys Fighter Jets, Bombers Near Taiwan As US Approves 2 Possible Military Support Deals
Portfolio Pulse from Navdeep Yadav
The U.S. State Department has approved potential ammunition and logistics support deals worth up to $440 million for Taiwan. The principal contractors for these deals will be Alliant Techsystems Operations and General Dynamics (NYSE:GD). This comes as China intensifies pressure on Taiwan, with Xi Jinping's forces sending military aircraft and warships near Taiwan.
June 30, 2023 | 11:35 am
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General Dynamics is one of the principal contractors for the approved potential military support deals for Taiwan. This could potentially increase the company's revenues.
The news of the U.S. State Department approving potential military support deals for Taiwan, with General Dynamics as one of the principal contractors, is directly relevant to the company. This could lead to an increase in the company's revenues, which could positively impact its stock price in the short term.
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