Wednesday, March 18, 2009

Soaring Costs Jeopardize Missile Defense Systems

"Congressional auditors estimated that the national missile defense programs could have cost overruns of $2 billion to $3 billion, reinforcing widespread expectations that they will be subject to cuts by the Obama administration."

"The G.A.O. said that the Pentagon’s Missile Defense Agency has spent almost $56 billion since it began developing and fielding defense systems in 2002, and it is likely to spend $50 billion more over the next five years."

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