Mike Stone
Mike Stone
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Exclusive-Trump administration moves forward with $1 billion Moroccan arms deal

Exclusive-Trump administration moves forward with $1 billion Moroccan arms deal

By , WASHINGTON (Reuters) - President Donald Trump’s administration moved forward with $1 billion in sales of drones and precision-guided weapons to Morocco on Friday, sending a notice to Congress about the potential deals, according to sources familiar with the notification.The deal includes four MQ-9B SeaGuardian drones made by privately-held General Atomics, and Hellfire, Paveway and JDAM precision-guided munitions made by Lockheed Martin, Raytheon and Boeing, the sources said.Reuters was first to report on Thursday that Washington was negotiating the sale and would notify Congress...

December 11, 2020
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Israel will not oppose U.S. sale of F-35 to UAE

Israel will not oppose U.S. sale of F-35 to UAE

By , JERUSALEM/WASHINGTON (Reuters) - Israel said on Friday it will not oppose U.S. sales of “specific weapons systems” to the United Arab Emirates, in an apparent reference to the F-35 warplanes sought by Abu Dhabi.Slideshow Under a principle of preserving Israel’s “qualitative military edge”, the United States consults with it on proposed sales of advanced arms to other countries in the region.Israel has reiterated a need to maintain its military superiority even since forging official ties with the UAE and its fellow Gulf Arab state Bahrain under deals brokered by U.S. President Donald...

October 23, 2020
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U.S. State Department approves first potential weapons sales under Biden, says Pentagon

U.S. State Department approves first potential weapons sales under Biden, says Pentagon

By WASHINGTON (Reuters) - The U.S. State Department has approved the first potential sales of weapons under the Biden administration, including communications equipment for NATO and missiles for Chile, in deals with a combined value up to $150 million, the Pentagon said on Friday.The sales are the first foreign military sales to be announced since U.S. President Joe Biden took office, but since sales take months to process, the genesis of the deals likely dates back to the Trump administration.Since taking office, the Biden administration temporarily paused some pending arms sales to U.S....

February 5, 2021
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U.S. State Department approves first potential weapons sales under Biden, says Pentagon

U.S. State Department approves first potential weapons sales under Biden, says Pentagon

By WASHINGTON (Reuters) - The U.S. State Department has approved the first potential sales of weapons under the Biden administration, including communications equipment for NATO and missiles for Chile, in deals with a combined value up to $150 million, the Pentagon said on Friday.The sales are the first foreign military sales to be announced since U.S. President Joe Biden took office, but since sales take months to process, the genesis of the deals likely dates back to the Trump administration.Since taking office, the Biden administration temporarily paused some pending arms sales to U.S....

February 5, 2021
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Trump administration takes final swipes at China and its companies

Trump administration takes final swipes at China and its companies

By , , WASHINGTON (Reuters) - The Trump administration took another swipe at China and its biggest firms on Thursday, imposing sanctions on officials and companies for alleged misdeeds in the South China Sea and imposing an investment ban on nine more firms.The moves come just days before Trump steps down and President-elect Joe Biden takes office.Executives of state-owned enterprises, officials of the Chinese Communist Party and military, along with oil giant CNOOC face new restrictions for allegedly using coercion against states with rival claims in the South China Sea.Senior U.S....

January 14, 2021
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Exclusive: Trump administration adds China's Comac, Xiaomi to Chinese military blacklist

Exclusive: Trump administration adds China's Comac, Xiaomi to Chinese military blacklist

By Slideshow WASHINGTON (Reuters) - The Trump administration on Thursday added nine Chinese firms to a blacklist of alleged Chinese military companies, including planemaker Comac and mobile phone maker Xiaomi, according to a document seen by Reuters.The companies will be subject to a new U.S. investment ban which forces American investors to divest their holdings of the blacklisted firms by Nov. 11, 2021.The Chinese Embassy in Washington, Xiaomi and Comac did not immediately respond to requests for comment.The expanding blacklist is part of a bid by President Donald Trump to cement his...

January 14, 2021
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Some U.S. Capitol rioters fired after internet detectives identify them

Some U.S. Capitol rioters fired after internet detectives identify them

By , WASHINGTON (Reuters) - Some of the rioters who stormed the U.S. Capitol were fired from their jobs on Thursday after internet sleuths publicized their identities.The District of Columbia police department released photos of people in Wednesday's melee and potential charges against them. Some 68 people were arrested after angry protesters stormed the building, breaking windows, damaging fixtures and stealing furnishings.The FBI also asked the public to help it identify rioters, a call that drew ribbing on social media in light of the prolific coverage of the event. This included selfies...

January 7, 2021
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Lockheed Martin inks $4.4 billion deal to acquire Aerojet Rocketdyne

Lockheed Martin inks $4.4 billion deal to acquire Aerojet Rocketdyne

By (Reuters) - Lockheed Martin Corp said on Sunday it has agreed to buy U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion, including debt and net cash.The deal is Lockheed’s biggest acquisition since Jim Taiclet took over as chief executive in June. He is seeking to beef up the company’s propulsion capabilities amid competition from new entrants such as SpaceX and Blue Origin, for space contracts with the U.S. government.“Acquiring Aerojet Rocketdyne will preserve and strengthen an essential component of the domestic defense industrial base and reduce costs...

December 20, 2020
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Biden will struggle to cut defense spending despite pressure

Biden will struggle to cut defense spending despite pressure

By WASHINGTON (Reuters) - President-elect Joe Biden will come under immense pressure from progressives in the Democratic party to cut the defense budget once he takes office in January.But defense spending is unlikely to be cut since it supports countless U.S. jobs during the coronavirus recession.In three years, U.S. President Donald Trump’s administration has increased defense spending 19% from $619.5 billion to $740 billion.Progressive Democrats in U.S. House of Representatives have called for a reduction in military spending to combat the coronavirus.“Even if Democrats end up taking the...

November 25, 2020
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Ukraine's new long-range rocket delivery from US pushed to next year | Reuters

Ukraine's new long-range rocket delivery from US pushed to next year | Reuters

WASHINGTON, Nov 30 (Reuters) - Ukraine will need to wait until next year before it receives its first big shipment of rocket-propelled bombs the U.S. has adapted to strike at a nearly 100-mile (160km) range, according to the Pentagon and people familiar with the timing.When the U.S. was first approached by Boeing (BA.N) to buy and ship the Ground Launched Small Diameter Bomb (GLSDB) to Ukraine last fall, the most optimistic timeline for shipping was around spring of this year, according to a document seen by Reuters at that time. It was reported by Politico in February that delivery...

Nov 30
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