Int'l Missile Program Faces $1 Bln Cost Overrun

The $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.

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