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Business/Financial

Missile Defense Funding May Be Slashed Deeply, Rep. Franks Says, Seeing $3 Billion Targeted For Cut From $9.6 Billion Program

DDN

Monday, February 23rd, 2009

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Still-Developing Missile Defense Programs May Be Cut In Half, Franks Cautions Such Deep Cuts Would Echo Attempts To Eviscerate ABL, KEI, EMD Programs In Budgets; Hearing Set For Wednesday As President Obama continues preparing his first federal budget, and some Democrats in Congress search for programs to reduce, outlays for U.S. ballistic missile defense may be cut deeply, according to Rep. Trent Franks (R-Ariz.), a member of the House Armed Services Committee (HASC). Franks spoke in a Defense Daily/Access Intelligence…

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