MEADS Signs $3.4 Billion Contractᘥ
MEADS International has signed a contract to design and develop the medium extended air defense system.  The contract, worth more than $3.4 billion, e

MEADS International has signed a contract to design and develop the medium extended air defense system.  The contract, worth more than $3.4 billion, extends the previous contract letter that had been awarded by the NATO MEADS management agency in September 2004.  The U.S. funds 58 percent of the program at present, with Germany providing 25 percent and Italy 17.

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