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Lockheed to support, train Iraqi air force on C-130J aircraft

Lockheed to support, train Iraqi air force on C-130J aircraft

Business
July 2 (UPI) -- Lockheed Martin has been awarded an $ 85 million five-year contract to train the Iraqi air force on their six C-130J aircraft. The deal, announced Friday by the Department of Defense, allows the U.S. Air Force to support the Iraqis with contractor logistics support, technical assistance and logistics. It will also include aircraft and aerospace ground equipment, spares, repairs and familiarization training on the C-130J aircraft. Work will be performed at Martyr Mohammed Ala Air Base in Iraq and is expected to be completed by June 30, 2022. Foreign military sales funds amounting to more than $ 16 million will be obligated at the time of award, with the overall value of the contract set at a ceiling value of $ 100 million. Let's block ads! (Why?) Business News - UPI.com
EU retaliatory tariffs on raft of US goods go into force

EU retaliatory tariffs on raft of US goods go into force

World
The European Union started enforcing tariffs Friday on American imports like bourbon, peanut butter and orange juice, part of a growing global trade rift that's likely to intensify over the next few weeks. The EU tariffs on $ 3.4 billion worth of U.S. products are in retaliation for duties the Trump administration has imposed on European steel and aluminum. The EU trade commissioner has acknowledged that the EU targeted some iconic American items to put political pressure on U.S. President Donald Trump and senior U.S. politicians. European Commission spokesman Alexander Winterstein said the EU's response is proportionate and reasonable. Daniel Gros, director for Economy and Finance at the Center for European Policy Studies, said that in a trade war everyone stands to lose, but the U.S. h...
EU tariffs on US goods come into force

EU tariffs on US goods come into force

World
Media playback is unsupported on your device The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on €2.8bn (£2.4bn) worth of US goods came into force on Friday. Tariffs have been imposed on products such as bourbon whiskey, motorcycles and orange juice.European Commission president Jean-Claude Juncker said duties imposed by the US on the EU go against "all logic and history".Addressing the Irish parliament in Dublin, he added that "we will do what we have to do to rebalance and safeguard" the EU.How did this start?The Trump administration announced in March that it would introduce tariffs of 25% on steel and 10% on alum...
'Our destiny': Trump creates US space force

'Our destiny': Trump creates US space force

Technology
Donald Trump has ordered the Pentagon to create a US "space force", which he said would become the sixth branch of the American military. The president said the force would be "separate but equal" to the US Air Force, adding that the move represents a "big statement".Speaking at a meeting of the National Space Council, Mr Trump framed space as a national security issue, saying he does not want "China and Russia and other countries leading us".He added: "Our destiny beyond the Earth is not only a matter of national identity, but a matter of national security."When it comes to defending America it is not enough to merely have an American presence in space. We must have American dominance in space." Image: Mike Pence addressed the N...
Israel Air Force strikes 15 Hamas targets in Gaza

Israel Air Force strikes 15 Hamas targets in Gaza

World
June 3 (UPI) -- Israel launched air raids over Palestinian positions in the Gaza strip early Sunday morning, the Israeli Defense Force said. Israel's Iron Dome anti-missile system intercepted three rockets that crossed the border from Gaza before the Israeli Air Force retaliated by targeting 15 positions held by Palestinian group Hamas, Haaretz reported. "This was an additional IDF strike carried out last night targeting terror sites belonging to the Hamas terror organization," the IDF said. "This strike was conducted in response to the projectiles which were fired from the Gaza Strip into Israel last night, in addition to the acts of terror approved and led by the Hamas terror organization throughout the weekend." The Israeli Air Force targeted areas including a rocket and weapon manufa...