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Business/Financial

Missile Defense Programs Hit With $410 Million In Authorization Cuts

DDN

Monday, September 29th, 2008

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European Missile Defense Receives $465 Million In Defense Authorization, $246 Million Under Budget Request Congress, rushing to wrap up work for the year ahead of the Nov. 4 general election, produced a compromise House-Senate defense authorization measure that cut various missile defense programs by a total $410 million. Much of that overall $410 million cut in missile defense was centered on a single program, a $246 million cut in funding for the planned European Missile Defense (EMD) system that would…

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