This is from yahoo news today. However seeing how the current arms bill is still in limbo, I wouldn't put too much faith in a quick purchase:
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Taiwan mulls buying 60 US F-16 fighters: report
Tue May 16, 2:52 AM ET
TAIPEI (AFP) - Taiwan is considering buying 60 US-made F-16 fighter jets to upgrade its aging air force fleet and counter what it perceives as a growing military threat from China, a report has said.
The acquisition of the advanced model F-16C/D Block 52 fighter jets would be discussed during talks in Washington on May 25-29 between the two countries, the US-based weekly Defense News quoted a US defense source as reporting.
Taiwan's air force consists of 146 less sophisticated F-16A/B fighters, 128 locally produced Indigenous Defense Fighters (IDFs), 56 French-made Mirage 2000-5s and 60 or so aging F-5 Tigers.
"Taiwan needs to modernize its fleet to counter the advanced fighters the PRC (People's Republic of China) is fielding now," the source said.
"Even if Taiwan decides to purchase the aircraft this year, Taiwan won't see the aircraft until 2011-2012 due to paperwork and production timeline. By that time, the IDFs will be close to 20 years old and the F-16A/Bs will be over 15 years old."
Taiwan's defense ministry declined to comment on the report.
But a source at F-16 maker Lockheed Martin said formal progress toward a Taiwanese purchase of the fighters would likely have to wait until Taipei decides on a weapons package that the United States proposed for sale in 2001.
Taiwan's opposition parties have blocked the 10-billion-dollar arms purchase bill even though the ruling party has scaled it down from 19 billion dollars.
The bill, proposed by the defense ministry, has yet to win approval by the procedure committee of the opposition-controlled parliament, a necessary step before it can be heard in the full house.
The bill calls for the purchase of eight conventional submarines, 12 P-3C submarine-hunting aircraft, and six PAC-3 Patriot anti-missile systems.
China has repeatedly threatened to invade Taiwan should it move towards formal independence, prompting the island to seek more advanced weaponry.
China announced in March its military budget for this year would rise 14.7 percent to 35 billion dollars, the latest in a series of double-digit annual increases dating back to the early 1990s.
A
Pentagon report last year estimated that China's defense spending was two to three times the publicly announced figure and that the cross-strait military balance was tipping in Beijing's favor.