The U.S. Missile Defense Agency (MDA) says the cost of the SM-3 Block IIA interceptor development program will increase due to the loss of some common work with the now terminated Multiple Kill Vehicle program. Cost for the U.S./Japanese joint development program is estimated now to be about $3.1 billion for the 21-inch diameter interceptor, says Rear Adm. Alan “Brad” Hicks, Aegis/SM-3 program manager for MDA. Estimates earlier in the program were around $2.4 billion. The program was ...
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