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You are here: Home / Government Contracting News / Pentagon said to be planning to boost missile defense spending by over $4 billion

February 13, 2014 By AMK

Pentagon said to be planning to boost missile defense spending by over $4 billion

The U.S. Defense Department plans to ask Congress for $4.5 billion in extra missile defense funding over the next five years as part of the fiscal 2015 budget request, say congressional sources and an expert.

Nearly $1 billion of that sum will pay for a new homeland defense radar to be placed in Alaska, with an additional $560 million to fund work on a new interceptor after several failed flight tests, said Riki Ellison, founder of the nonprofit Missile Defense Advocacy Alliance, and two of the congressional sources, who were not authorized to speak publicly.

The Pentagon’s request for added funding comes despite continued pressure on military spending and cuts in other arms programs, a sign of Washington’s growing concern about missile development efforts by North Korea and Iran, the sources said.

Keep reading this article at: http://www.reuters.com/article/2014/02/07/us-usa-military-missile-idUSBREA1605T20140207 

Filed Under: Government Contracting News Tagged With: budget, budget cuts, DoD, spending

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