/

Army Seeks $5B in Fiscal 2019 Missile Procurement Funds

1 min read


The U.S. Army has proposed $5.1 billion in fiscal 2019 funds to procure missile systems, up from the service branch’s $3.9 billion fiscal 2018 request for missile procurement efforts, Military.com reported Wednesday.

Davis Welch, deputy director of budget at the Army, told Military.com the service branch plans to spend $1.1 billion on Missile Segment Enhancement interceptors and launcher modification kits.

The report said Army also seeks $1.6 billion to fund modernization efforts for the branch’s Phased Array Tracking to Intercept of Target missile system.

Lockheed Martin‘s missiles and fire control business developed the MSE system that adds new features to the Raytheon-made PATRIOT Advanced Capability 3.

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about Acquisition & Procurement

Leave a Reply

Your email address will not be published.

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it