Even though the Pentagon is asking for a 7% hike in its Fiscal 2005 budget, modernization funding could be squeezed as lawmakers push for a larger military. The White House is requesting $401.7 billion in defense spending for the next fiscal year, earmarking about $9 billion for missile defense. Money is included to expand the Pentagon's emerging ballistic missile shield to Europe, with plans to install about 10 interceptors overseas to improve protection against missiles fired from the ...

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