Threats To Our American Way Of Life

[John266]

BIG TROUBLE HERE BAD MISTAKE IN PROGRESS:

Defense Dept OKs Proposed $125 Million Missile Sale To TaiwanLast update: 8/8/2007 4:08:46 PMWASHINGTON (Dow Jones)--The Pentagon has signed off on a proposed $125 million missile sale to Taiwan, the Defense Security Cooperation Agency said Wednesday in a congressional notification announcement. Boeing Co. (BA) is the main contractor on the proposed deal. It includes 60 AGM-84L Harpoon Block II missiles, along with guidance control kits and other related equipment. "The proposed sale will help improve the security of the recipient and assist in maintaining political stability, military balance and economic progress in the region," the U.S. defense agency said. Taiwan generally requires trade offsets, but so far there are no offset agreements proposed in connection with this proposed sale, the defense agency said. Some countries use offsets to balance trade flows when making a major weapons purchase. The proposed weapons sale is not yet final. Congress has the power to block such deals, but rarely steps in. -By Rebecca Christie, Dow Jones Newswires; 202-862-9243; [e-mail] (END) Dow Jones NewswiresAugust 08, 2007 16:08 ET (20:08 GMT)