Search This Blog

Thursday, March 25, 2010

Int'l Missile Program Faces $1 Bln Cost Overrun

MEADSThe $19 billion U.S.-European MEADS missile development program is facing about $1 billion in added costs, according to officials briefed on the program, but the overrun should not breach congressional thresholds that would trigger a live-or-die review.

Gregory Kee, general manager for the NATO agency that manages the Medium Extended Air Defense System acknowledged it would require additional funding to finish the development of the missile system designed to replace the aging Patriot system, but gave no exact figure.

The overruns stemmed from technical issues and the adoption of additional requirements for the system, he said.

Read more
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.