Carrier Air Wing, an arcade game released around October 12, 1990, simulates naval combat from the perspective of a carrier air wing. Versions with 2xYM2203 and 2xMSM5205 sound chips suggest a focus on sound quality, while the 'U.S. navy' designation might point to a release tied to the U.S. military or naval theme. The specific gameplay details and developer require additional research. 

Carrier Air Wing (version set 1 (with 2xYM2203 + 2xMSM5205), U.S. navy 901012 etc)

Carrier Air Wing (U.S. navy 901009 etc)