Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

An intensifying arms race in Asia

09/21/2021 | 04:40am EDT

Sept 21 (Reuters) - Analysts warn that Asia may be sliding into an accelerating arms race as countries react to China's military growth.

Here is a list of defence systems several Asian countries are looking to acquire.


The country said on Sept. 16 it would build at least eight nuclear-powered submarines under an Indo-Pacific security partnership with the United States and Britain.

Australia will also enhance its long-range strike capability with Tomahawk cruise missiles deployed on naval destroyers and air-to-surface missiles for its F/A-18 Hornet and F-35A Lightning II jets that can hit targets at a range of 900 km (559 miles).

Long-Range Anti-Ship Missiles (LRASM) will be deployed on its F/A-18F Super Hornet jets, while precision strike guided missiles capable of destroying targets from over 400 km are planned for its land forces.

It will also collaborate with the United States to develop hypersonic missiles under the trilateral security deal, dubbed AUKUS.

Separately, the U.S. State Department approved in June the potential sale of 29 Boeing Co AH-64E Apache attack helicopters to Australia in a deal worth up to $3.5 billion.


It announced a plan on Friday to spend T$240 billion ($8.69 billion) over the next five years to upgrade its weapons capabilities - a programme that is likely to include long-range missiles and existing cruise missiles.

The programme will include a new missile, which Taiwanese media say could have a range of up to 1,200 km and is an upgraded version of the Hsiung Sheng cruise missile.

In 2020, the U.S. government approved the potential sales of 100 Boeing-made Harpoon Coastal Defense Systems, three weapons systems including missiles, sensors and artillery, and four sophisticated aerial drones to Taiwan. They are worth about $5 billion in total.

Last month, Washington approved the potential sale of 40 howitzer systems to Taiwan in a deal valued at up to $750 million.


It successfully tested a conventional submarine-launched ballistic missile (SLBM) on Sept. 15, becoming the first country without nuclear weapons to develop such a system.

The missile is believed to be a variant of the country's ground-based Hyunmoo-2B ballistic missile, with a flight range of about 500 km.

Last year, it developed the Hyunmoo-4 https://www.reuters.com/article/us-northkorea-missiles-southkorea-analys-idUSKBN2BM0G8 missile, which has an 800 km range and can mount a 2-ton payload.

South Korea unveiled other new missiles, including a supersonic cruise missile to be deployed soon

It has been also striving to develop solid-fuel rocket engines as part of a plan to launch a spy satellite by the late 2020s, and successfully carried out a test firing in July.

Its defence ministry, in a midterm plan released in 2020, detailed a proposal to build three submarines. Officials have said two of them - with a displacement of 3,000 tons and 3,600 tons - will be based on diesel engines, but declined to specify how the largest one, at 4,000 tons, would will be powered.

Building a nuclear submarine has been among President Moon Jae-in's election pledges, but he has never officially announced it after taking office in 2017.


In July 2019 North Korean state media showed leader Kim Jong Un inspecting a large, newly built submarine. While it did not describe the submarine's weapons, analysts said the apparent size of the vessel indicated it was designed to carry ballistic missiles.

Later that year, nuclear-armed North Korea said it had successfully test-fired a new SLBM from the sea, and in January it showcased a new SLBM design https://www.reuters.com/article/us-northkorea-politics-idUSKBN29J2YG during a military parade in Pyongyang.

Its state media said this month the country tested its first railway-based missile launching system.


It is mass producing its DF-26 https://www.reuters.com/article/us-china-anniversary-military-idUSKBN1WG342, a multipurpose weapon that can be fitted with nuclear warheads and has a range of up to 4,000 km.

At a 2019 parade, China also unveiled new unmanned aerial vehicles (UAVs) and showcased its advancing intercontinental and hypersonic missiles, designed to attack the aircraft carriers and bases that undergird U.S. military strength in Asia.

Its hypersonic missile, known as the DF-17, theoretically can manoeuvre at many times the speed of sound, making it more difficult to counter.

It also has DF-41 intercontinental ballistic missiles, the backbone of China’s nuclear deterrent, which are capable of reaching the United States with multiple warheads.


It has spent millions of dollars on long-range air-launched weapons, and is developing a new version of a truck-mounted anti-ship missile, the Type 12 https://www.reuters.com/world/china/japan-develop-longer-range-anti-ship-missiles-china-pressure-mounts-2020-12-18, with an expected range of 1,000 km.

In 2020, the U.S. State Department authorized a deal for Japan to buy 105 Lockheed F-35 fighter jets to Japan at an estimated cost of $23 billion.

(Reporting by Hyonhee Shin in Seoul, John Mair in Sydney, Ben Blanchard in Taipei; Writing by Miyoung Kim. Editing by Gerry Doyle)

© Reuters 2021
10/21Qantas to step up international flying amid 'massive demand' from Australians
10/21BOEING : A Space Launch System guide to the galaxy
10/21QANTAS AIRWAYS : to step up international flying amid 'massive demand' from Australians
10/21BOEING : Forecasts Africa's 20-year Commercial Aviation Market Opportunity Valued at Nearl..
10/20BOEING : NASA looks beyond SpaceX, Boeing contracts for space station commutes
10/20Industrials Up On Growth Views -- Industrials Roundup
10/20FAA demanding more transparency from U.S. airplane manufacturers -testimony
10/20UNITED AIRLINES : expects Boeing 777s to return to sky in Q1 of 2022
10/20BOEING : To Deliver One 787, Three 737 MAX's By Year-End to United Airlines, Fleet of 52 P..
10/20BOEING : Bernstein Adjusts Price Target on Boeing to $269 From $279, Maintains Outperform ..
More news
Analyst Recommendations on THE BOEING COMPANY
More recommendations
Financials (USD)
Sales 2021 71 331 M - -
Net income 2021 953 M - -
Net Debt 2021 44 203 M - -
P/E ratio 2021 141x
Yield 2021 -
Capitalization 126 B 126 B -
EV / Sales 2021 2,38x
EV / Sales 2022 1,77x
Nbr of Employees 141 000
Free-Float 57,8%
Duration : Period :
The Boeing Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE BOEING COMPANY
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 214,34 $
Average target price 272,50 $
Spread / Average Target 27,1%
EPS Revisions
Managers and Directors
David L. Calhoun President, Chief Executive Officer & Director
Brian J. West Chief Financial Officer & Executive Vice President
Lawrence W. Kellner Non-Executive Chairman
Gregory L. Hyslop Chief Engineer, EVP-Engineering, Test & Technology
Susan Doniz Chief Information Officer & SVP-Data Analytics
Sector and Competitors
1st jan.Capi. (M$)
AIRBUS SE24.06%102 624
TEXTRON INC.54.07%16 689
AVICOPTER PLC-6.52%5 413