Taiwan s AIDC sees profits fall in 2020
21 April 2021
by Jon Grevatt
Taiwan’s Aerospace Industrial Development Corporation (AIDC) has reported major declines in revenue and profit for fiscal year (FY) 2020.
The state-owned company said its revenues for FY 2020 were TWD21.04 billion (USD747 million): a 26% decline compared to the TWD28.54 billion registered lthe year before. Net profit fell from TWD1.87 billion in 2019 to TWD395 million: a decline of 79%.
The company did not state the scope of its defence sales but last year the military-commercial split of revenues was 41:59, with the majority attributed to civilian aerospace.
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Taiwan Air Force completes upgrade of 42 F-16A/B fighter jets to F-16Vs
03/17/2021 09:19 PM
An F-16V. CNA file photo
Taipei, March 17 (CNA) Taiwan has completed the upgrade of 42 of its 141 F-16A/Bs fighter jets to F-16Vs, which can detect enemies earlier and have a longer striking range, Air Force Chief of Staff Huang Chih-wei (黃志偉) said Wednesday.
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