SINGAPORE—China is increasingly signaling progress in developing its next-generation carrier-based air wing, with preparations underway for a likely debut at its Sept. 3 “Victory Day” military parade.

Laurie Gwen Shapiro is a journalist, documentary filmmaker and the author of The Aviator and the Showman: Amelia Earhart, George Putnam, and the Marriage That Made an American Icon.

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The Chinese buildup has also prompted Japan to build its first small aircraft carriers since World War II, which will be capable of carrying U.S.-made F-35B stealth fighters.

America's B-2 stealth bombers, which carried out the weekend attack on Iran's nuclear facilities, are among the most secretive aircraft in the nation, with few glimpses ever shown of its interior.