Washington: US Department of Defence is to spend more on a costly missile defence system, Medium Extended Air Defence System (MEADS), was first conceived in the mid-1990s as a replacement for the Patriot missile.
Over the last two decades, MEADS “has been plagued with so many cost overruns and delays that [the Pentagon] and Congress both agreed last year to pull the plug,” Press TV said, quoting iWatch News.
The programme received $250 million, and the Pentagon wants at least another $400 million next year. Defence officials lobbied lawmakers for more funding to keep MEADS from being shut down.
MEADS is collaborated effort of the US, Germany and Italy, with the US being the major shareholder by spending 58 percent, whereas Germany 25 percent and Italy 17 percent.
Lockheed Martin is the prime American contractor, with assistance from Germany-based LFK — Lenkflugkorpersysteme and the international MBDA — Systems Inc.
The projects original cost was supposed to be $3.4 billion.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription