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Article: Cost of Japan-U.S. interceptor system triples.
- Article from:
- Yomiuri Shimbun
- Article date:
- September 25, 2005
CopyrightCOPYRIGHT 2005 The Yomiuri Shimbun. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sep. 25--The U.S. government has told the Japanese government that the estimated cost of the two countries' joint development of a next-generation missile interceptor system would be about $3 billion ([yen]321 billion) -- nearly triple the initial estimate, according to government sources.
Washington's initial estimate held that the United States would have to shoulder $545 million ([yen]58.3 billion) until fiscal 2011 after work on the project started in fiscal 2006.
But the amount nearly tripled after the U.S. government extended the period for development to fiscal 2014 and recalculated the amount based on previous weaponry development projects.
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