Business

Two U.S. Navy ships pass through Taiwan Strait as tensions with China rise

May 24 (UPI) — Two U.S. Navy ships moved through the Taiwan Strait this week, adding to tensions with China amid a trade dispute between the two nations. This is the fifth time this year U.S. warships have sailed through 110-mile wide strait separating Taiwan from the Chinese mainland. The Arleigh Burke-class guided-missile destroyer USS Preble and fleet replenishment oiler ...

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Raytheon gets $355.4M contract to refurbish AGM-88B missiles

May 24 (UPI) — Raytheon Co. was awarded a $355.4 million contract to refurbish AGM-88B missiles for Qatar, Bahrain and Taiwan, the Defense Department announced. The firm-fixed-price, indefinite-delivery/indefinite-quantity contract calls for AGM-88B High Speed Anti-Radiation Missiles [HARM] replacement exchange, the refurbishment of AGM-88B missiles and the conversion of AGM-88B into Captive Air Training Missiles [CATM-88B]. The HARM is a tactical, ...

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Navy’s Zumalt destroyers to join drone ships in new experimental squadron

May 23 (UPI) — The U.S. Navy has created a new experimental squadron that will eventually include the three Zumwalt class destroyers and unmanned surface vehicles. Vice Adm. Richard Brown, commander of Naval Surface Forces and Naval Surface Force Pacific, announced the formation of Surface Development Squadron One, or SURFDEVRON ONE, at a ceremony Wednesday in San Diego. The squadron ...

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Aircraft carrier USS Ronald Reagan deploys to Indo-Pacific region

May 22 (UPI) — The aircraft carrier USS Ronald Reagan and its commander task force units began underway operations in the Indo-Pacific region, the Navy announced on Wednesday. The carrier left its home port of Yokosuka Naval Base, Japan, in its first deployment of 2019. Sailors wore their dress whites and lined the flight deck as it left port. The ...

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U.S. House subcommittee cuts F-35 spare parts request amid supply problems

May 21 (UPI) — A U.S. House subcommittee wants to approve only half of the Pentagon’s spare parts purchases for F-35 jets in reviewing 2020 budgetary plans. Last week, the Democrat-led House Appropriations Committee released a draft of the fiscal year 2020 defense funding bill, which includes $690.2 billion in discretionary spending. The legislation includes 90 F-35 aircraft, 12 more ...

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