Taiwan Navy proposes US $1.02 billion for fast attack missile boats

The Taiwan Navy has submitted a request for NT$31.6 billion (US$1.02 billion) to build 50-ton fast attack missile boats, as part of the national annual defense budget which was submitted for legislative review on Friday (Aug 31).
According to Taiwanese Press, the missile boats are part of an effort to strengthen Taiwan’s asymmetric warfare capabilities in the face of a growing military imbalance in the Taiwan Strait and will be equipped with two Hsiung Feng II anti-ship missiles.