RTN Raytheon Co

--The U.S. State Department on Monday approved a possible sale of $2.2 billion of arms and military equipment to Taiwan, Reuters reports.

--Last month, the Chinese Foreign Ministry criticized the possible sale and asked that the U.S. halt it, the report said.

--The Pentagon said the principal contractors on the sale would be Raytheon Missile Systems, and added "The proposed sale of this equipment and support will not alter the basic military balance in the region."

Full story: https://www.reuters.com/article/us-usa-taiwan/u-s-state-department-approves-possible-2-2-billion-arms-sale-to-taiwan-idUSKCN1U32HT?il=0

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

July 08, 2019 18:55 ET (22:55 GMT)

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