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
-
![Borsuk IFV programme marks turning point for Poland’s armoured modernisation]()
Borsuk IFV programme marks turning point for Poland’s armoured modernisation
The Borsuk vehicles are to replace the Soviet-designed BMP-1 as the Polish military’s main tracked Infantry Fighting Vehicle (IFV).
-
![DroneShield nets largest order ever with $40 million European CUAS contract]()
DroneShield nets largest order ever with $40 million European CUAS contract
The package of three standalone follow-on contracts makes this the largest contract won by the Australian company and larger than its total 2024 revenue.
-
![US Army modernisation plans raise big concerns for lawmakers]()
US Army modernisation plans raise big concerns for lawmakers
The termination of programmes such as JLTV and RCV has been harshly criticised by members of the US Congress.
-
![Sweden to purchase IRIS-T air defence systems for $930 million]()
Sweden to purchase IRIS-T air defence systems for $930 million
This recent purchase of the medium-range air defence system adds to the country’s ongoing efforts to ramp up its overall defence readiness and capabilities.
