Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

US missile agency scales back Guam defence plans

by
October 26, 2024
in Economy
0
US missile agency scales back Guam defence plans

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

Subscribe to InvestiStratix.com

    Popular News

    Here’s why millions could be erased from UK’s debt pile

    Here’s why millions could be erased from UK’s debt pile

    July 18, 2025
    AWS layoffs hit hundreds as Amazon restructures amid AI push

    AWS layoffs hit hundreds as Amazon restructures amid AI push

    July 18, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    July 18, 2025
    Joby stock soars 12%, eyes new all-time high for second straight day; check forecast

    Joby stock soars 12%, eyes new all-time high for second straight day; check forecast

    July 17, 2025
    Canada signals openness to softwood lumber export limits amid US trade tensions

    Canada signals openness to softwood lumber export limits amid US trade tensions

    July 17, 2025

    Trending News

    Here’s why millions could be erased from UK’s debt pile

    Here’s why millions could be erased from UK’s debt pile

    July 18, 2025
    AWS layoffs hit hundreds as Amazon restructures amid AI push

    AWS layoffs hit hundreds as Amazon restructures amid AI push

    July 18, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 18, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 17, 2025

    About Us

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

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved