The Pentagon has awarded Lockheed Martin a $328.5 million contract for a military sale to Taiwan. This deal includes spare parts and logistics for Taiwan’s F-16 fighter jets. The sale is part of the U.S.’ ongoing commitment to support Taiwan’s defense capabilities. Taiwan has been increasing its military spending to counter China’s growing influence in the region.

Read more at Investing.com: Pentagon says Lockheed Martin gets $328.5 million Taiwan military sale contract