MEADS funding decision imminent
A final decision regarding funding for the final test phase of the Medium Extended Air Defense System (MEADS) could be made within the next two weeks, MEADS International has stated.
According to Marty Coyne, director for business development at MEADS International, the US Senate's appropriations committee is expected to make a decision regarding the final $401 million investment required to complete testing by 2013.
'The US still has to appropriate funds for FY13 but if a nation defaults on the MoU, the US would be required to pay money committed to one way or another,' Coyne described.
Having completed its
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![US Army to receive Oshkosh’s next-gen autonomy-ready trucks by December]()
US Army to receive Oshkosh’s next-gen autonomy-ready trucks by December
The company recently announced a new US$95 million order for the Palletized Load System A2 under the FHTV V agreement.
-
![Lockheed nets $4.9 billion US Army contract to build more precision strike missiles]()
Lockheed nets $4.9 billion US Army contract to build more precision strike missiles
The PrSM missiles, known as Increment 1 weapon systems, will eventually replace the US Army’s Army Tactical Missile Systems (ATACMS).
-
![Avalon 2025: Hanwha signs engine deal with Penske for Redback IFVs]()
Avalon 2025: Hanwha signs engine deal with Penske for Redback IFVs
Penske Australia will also carry out local assembly and testing of Allison X1100 series cross-drive transmission under licence using kits supplied by South Korea's SNT Dynamics.
-
![Ovzon trials UGV comms in Arctic conditions]()
Ovzon trials UGV comms in Arctic conditions
Swedish company showcases Arctic UGV test as it eyes NATO defence market expansion.
