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U.S. Government Should Consider the Economic Impact of Releasing F-16s to Taiwan

The Lockheed Martin Aeronautics division, manufacturer of the F-16 fighter jets long sought by Taiwan, last week announced plans to cut 1,500 jobs at locations around the United States. This news highlights the need for the U.S. government to reassess its position on the sale and to consider the positive economic impact of releasing F-16s to Taiwan. The US-Taiwan Business Council joins Senator John Cornyn of Texas in calling on the Obama Administration to “end its blockade of Taiwan’s request to purchase new F-16s.”

Commenting on the Lockheed Martin announcement, Council President Rupert Hammond-Chambers said, “The recent Perryman Report shows that the follow-on sale of F-16s to Taiwan would have a positive economic impact around the country, generating some US$8.7 billion in gross output and sustaining approximately 16,000 direct and indirect jobs over the life of the program. That would represent a significant economic boost to states such as Ohio and Florida – where unemployment stands at 8.6% and 10.6%, respectively. Reports estimate that 1,800 workers in Ohio and 1,900 in Florida depend on an F-16 sale to Taiwan. Should the Taiwan sale fail to materialize, however, current orders would only sustain the F-16 production line for another two years.”

 

U.S. Government Should Consider the Economic Impact of Releasing F-16s to Taiwan: US-Taiwan Business Council (PDF file)

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