Business
US to spend $23 billion developing technology to intercept missiles – Sydney Morning Herald
The interceptors are designed to crash into and destroy incoming missiles from an adversary such as North Korea or Iran.
Washington: The US Department of Defence plans to spend almost $US18 billion ($23 billion) to develop, produce and support its new interceptor to stop incoming nuclear missiles from North Korea or Iran, the first major defence procurement award of the Biden administration.
Teams led by Lockheed Martin and Northrop Grumman will receive between them as much as $US13.1 billion in the development phase of the Next Generation Interceptor, according to newly released figures. Their competition will culminate…
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