Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Investing

US missile agency scales back Guam defence plans

by
October 26, 2024
in Investing
0
US missile agency scales back Guam defence plans
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

By Gerry Doyle

SINGAPORE (Reuters) – A proposed multibillion-dollar missile defence system for Guam has been reduced to 16 sites on the island from the original 22, the U.S. Missile Defense Agency said in a draft environmental impact statement on Friday.

The project is designed to create “360 degree” protection for the U.S. Pacific territory from missile and air attacks of all kinds, the agency said. Plans include integrating Raytheon (NYSE:RTN)’s SM-6, SM-3 Block IIA, Lockheed Martin (NYSE:LMT)’s THAAD, and the Patriot PAC-3, which uses components from both companies, over about 10 years.

The environmental impact study, which began last year and included a public comment period this year, proposes “deploying and operating and maintaining a combination of integrated components for air and missile defense positioned on 16 sites” on the island. The report does not say why the number of sites was reduced.

All of the remaining 16 sites are on U.S. military property.

The project is crucial to the U.S. and its Indo-Pacific allies because it provides a logistical hub far from U.S. shores – Guam is closer to China than it is to Hawaii.

China’s massive conventional ballistic missile inventory includes the DF-26, with an estimated range of about 4,000 km (2,500 miles), which can also carry anti-ship and nuclear warheads. Newer weapons in development, such as the hypersonic glide vehicle DF-27, are drawing increased attention from U.S. military planners.

“It’s a forward operating base for long-range bombers, and a port for ships, so that navy ships can sally forth from there,” said Peter Layton, a defence and aviation expert at the Griffith Asia Institute in Australia. “Certainly places in Japan and the Philippines are a lot closer (to China)… but a lot more exposed.”

There will be public meetings in Guam next month to discuss Friday’s report, the agency statement said.

This post appeared first on investing.com
Previous Post

New York probing legality of Capital One-Discover merger

Next Post

There are indications the “Trump trade” has commenced, BCA Research says

Next Post
There are indications the “Trump trade” has commenced, BCA Research says

There are indications the “Trump trade” has commenced, BCA Research says

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Home Depot is buying GMS for about $4.3 billion as it chases more home pros

Home Depot is buying GMS for about $4.3 billion as it chases more home pros

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Home Depot is buying GMS for about $4.3 billion as it chases more home pros

Home Depot is buying GMS for about $4.3 billion as it chases more home pros

July 1, 2025
Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

June 30, 2025
Microsoft says goodbye to the Windows blue screen of death

Microsoft says goodbye to the Windows blue screen of death

June 30, 2025
Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

June 30, 2025

Recent News

Home Depot is buying GMS for about $4.3 billion as it chases more home pros

Home Depot is buying GMS for about $4.3 billion as it chases more home pros

July 1, 2025
Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

June 30, 2025
Microsoft says goodbye to the Windows blue screen of death

Microsoft says goodbye to the Windows blue screen of death

June 30, 2025
Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

June 30, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved