By: Lu Hsin-hui and Elizabeth Hsu
Taipei, March 9 (CNA) Taiwan will allocate NT$5.76 billion (US$175 million)
this year for research and development into home-grown weapon systems, the Ministry of National Defense (MND) said Wednesday.
The amount is 211 percent higher than last year’s R&D budget, the MND said in a report on its plans for 2016 submitted to the Legislative Yuan’s Foreign and National Defense Committee.
The funds will be used to continue implementing projects to develop and build ships, submarines and airplanes, and upgrade locally developed jet fighters and armored CM-32 “Clouded Leopard” vehicles, the report said.
The MND will also work with the Ministry of Science and Technology to carry out an academic cooperation project that will cost NT$124.5 million and inject NT$391.6 million into technology development plans, the report said. [FULL STORY]