FACTBOX-Major weapon changes in 2010 U.S. defense budget

Reuters – USA
7 May 2009

The Pentagon on Thursday sent Congress a fiscal 2010 budget plan that shifts funding to focus more on irregular warfare and take better care of troops, while cutting back or canceling several major weapons programs.

Some of the recommendations, which must still be approved by Congress, call for:

… [ a long list of cuts, cancellations and terminations including:] …

Cuts of $1.2 billion in funding from the missile defense program, with the lion’s share of the cuts coming from the Ground-based Midcourse Defense system built by Boeing, and the Patriot PAC-3 missile program run by Raytheon Co and Lockheed. Officials said they also canceled funding for the Kinetic Energy Interceptor being developed by Northrop Grumman Corp. …

www.reuters.com/article/marketsNews/idUSN0726631020090507

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