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Tag: U.S.

ZTE pays $1.4 billion penalty; U.S. to lift ban

ZTE pays $1.4 billion penalty; U.S. to lift ban

World
July 13 (UPI) -- The U.S. Commerce Department lifted a ban on Chinese smartphone maker ZTE on Friday after it paid a $ 1.4 billion penalty levied by the U.S. government. The company paid $ 1 billion of the penalty and put $ 400 million in escrow at a U.S. bank to satisfy the requirement, the department said. In exchange, the United States will lift its order for U.S. firms to stop doing business with ZTE. U.S. officials said the company violated U.S. sanctions against exporting to Iran and North Korea. The sanctions influenced ZTE's decision recently to cease operations, and eliminate its entire board and appoint a new chairman. President Donald Trump's administration previously attempted to lift the sanctions, but the U.S. Senate scuttled that effort in June. Let's block ads! (Why?) Wo...
Bell-Boeing receives $4.2B contract for Ospreys for U.S., Japan

Bell-Boeing receives $4.2B contract for Ospreys for U.S., Japan

Business
July 6 (UPI) -- Bell-Boeing has received a $ 4.2 billion contract modification for the delivery of multiple V-22 Osprey type tilt-rotor aircraft for the militaries of the United States and Japan. The modification allows for the manufacture and delivery of 39 CMV-22B aircraft for the Navy, 14 MV-22B aircraft for the Marine Corps, 1 CV-22B for the Air Force and 4 MV-22B aircraft for Japan. The majority of work will be performed in Fort Worth and Amarillo, Texas, and Ridley Park, Penn., with other work taking place at locations throughout the United States. Navy, Marine and Air Force 2017-2018 procurement funds of $ 1.1 billion will be obligated at the time of award. The contract is expected to be completed by November 2024. The CMV-22B is a variant of the V-22 meant to replace the 27C-2A G...
Boeing to build 4 new Chinooks for U.S. Special Operations

Boeing to build 4 new Chinooks for U.S. Special Operations

Business
June 29 (UPI) -- Boeing has been awarded an $ 80 million contract to build four new MH-47G Chinook helicopters for the U.S. Army's 160th Special Operations Aviation Regiment. The deal, announced Thursday by the Department of Defense, is a cost-plus-fixed-fee delivery order and will fulfill an urgent need for more aircraft due to increased Special Operations Forces operational demands. Fiscal procurement funds amounting to more than $ 80 million will be obligated at the time of the award. A majority of the work will be performed in Ridley Park, Pennsylvania. The twin-rotor aircraft has been in use since its first iteration, the CH-47, was introduced in 1962 to transport troops and large payloads at high speed and long ranges. The MH-47G, the most recent upgrade of the helicopter, has been...
Trump comments spark U.S. ambassador to Estonia's resignation

Trump comments spark U.S. ambassador to Estonia's resignation

World
June 30 (UPI) -- The U.S. ambassador to Estonia said President Donald Trump's comments about U.S. allies in Europe prompted him to resign. In a private Facebook post first reported by Foreign Policy, the longtime diplomat, James Melville, announced his resignation. "A Foreign Service Officer's DNA is programmed to support policy and we're schooled right from the start, that if there ever comes a point where one can no longer do so, particularly if one is in a position of leadership, the honorable course is to resign," the Melville post read. "Having served under six presidents and 11 secretaries of state, I never really thought it would reach that point for me." It continued: "For the President to say the EU was 'set up to take advantage of the United States, to attack our piggy bank,' o...
German poll reveals a trust deficit for U.S. energy

German poll reveals a trust deficit for U.S. energy

Business
June 27 (UPI) -- An executive from German energy company Wintershall said rifts in trade policy are leading to a lack of trust in the United States as an energy supplier. Washington D.C. hosts this year's regular World Gas Conference at a time when the United States is developing as a lead oil and natural gas producer and exporter. U.S. President Donald Trump has said natural gas in particular could extend U.S. leverage over the horizon into the Asian and European markets. A third-part survey of 1,001 adults conducted between May 7 and 9 showed U.S. influence is eroding, according to Wintershall. "The declining trust in the United States is certainly also due to political reasons -- here the publicly discernible differences of the past few months have left their marks," Thilo Wieland, an...