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Tuesday, February 15, 2011
U.S. to stop funding NATO missile defense program
The United States on Monday said it would stop funding a multibillion-dollar U.S.-European missile defense program known as MEADS after fiscal year 2013, calling it unaffordable in the current budget climate.
"Our partners may go forward with some MEADS, but it is not our plan to do so," the Pentagon's comptroller Robert Hale told a budget briefing. He was referring to Italy and Germany.
Lockheed Martin Corpleads an international consortium developing the Medium Extended Air Defense System, or MEADS, in partnership with Italy and Germany.
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