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SAC Recommends Full MEADS Proof of Concept Funding

The Senate Appropriations Committee (SAC) last week approved full funding in the defense appropriations measure for fiscal year 2012 for a two- year "Proof of Concept" for the tri-national Medium Extended Air Defense System (MEADS). The fiscal year 2012 budget request included $406.6 million for the air defense system funded by the United States, Germany and Italy, initially intended to replace the Patriot Weapon System. However, along with the FY '12 budget, the Defense Department said it would not procure…

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Contract Updates

Intertrade Limited (Cedar Rapids, Iowa) – $9,272,637

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