Missile Defense Costs To Soar $5B A Year: CBO
CBO estimates that developing F-35-launched boost-phase interceptors to defend against North Korean ballistic missiles would cost $25 billion to $40 billion to develop, with an additional $10 billion to $20 billion a year to operate.
By Theresa Hitchens on January 15, 2021 at 2:20 PM
THAAD missile launch
WASHINGTON: Pentagon investment in missile defense from 2020 through 2029 may total a whopping $176 billion, says the Congressional Budget Office (CBO) in a new study. This estimate represents a $50 billion increase from CBO’s previous 2017-2026 missile defense cost review — or $5 billion per year.
That 10-year estimate does not include the costs of new DoD efforts to track and defend against hypersonic missiles, however, because CBO could not find enough data to do so, the study, “Costs of Implementing Recommendations of the 2019 Missile Defense Review,†finds.
Instead, that 10-year estimate only covers DoD missile defense programs included in the 2020 budget request. Where possible, CBO estimated additional costs that would stem from the Trump administration’s 2019 Missile Defense Review, as mandated by Congress in the 2019 National Defense Authorization Act (NDAA).
https://breakingdefense.com/2021/01/missile-defense-costs-to-soar-5b-a-year-cbo/
