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Friday, June 29, 2012

Funds for Lockheed-Led Missile Defense Urged by Panetta

MEADS LauncherU.S. Defense Secretary Leon Panetta urged a Senate committee chairman to support $400 million for a Lockheed Martin Corp.-led international mobile missile defense program that three other defense panels have rejected.

Failure to provide one more year of funding for the Medium Extended Air Defense System, or Meads, would “be viewed by our allies as reneging on our promises,” Panetta said in his letter yesterday to Senator Daniel Inouye, the Hawaii Democrat who is chairman of the Senate Appropriations committee and its defense panel.

Congressional critics say the system, designed to intercept medium-range ballistic missiles, cruise missiles and drones, has been plagued by cost overruns and performance failures.

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