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From the Chinook helicopter to the F-35, the Stinger missile to the Patriot defense system, American defense contractors are expecting a surge in international demand. (Source photos by Reuters, Lockheed Martin, Getty Images and the U.S. Army)

Taiwan tensions a boon for defense industry but supply clogs loom

Lockheed, Boeing, Raytheon race against time to meet demand from U.S. allies

TOKYO -- Last month, Japan succeeded in obtaining the green light from the U.S. State Department to purchase 150 air-to-air missiles that can be loaded on its F-35 fighters.

The principal contractor for the $293 million deal is Raytheon Technologies. The proposed sale of the AIM-120 missiles, the U.S. government said in a statement, "will improve Japan's capability to meet current and future threats by defending the Japanese homeland and U.S. personnel stationed there."

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