Article Summary
US President Donald Trump has unveiled new details for a “Golden Dome” missile shield system, which is planned to protect the US against attacks and be operational in about three years. The program, however, faces political scrutiny and funding uncertainty. The Golden Dome aims to create a network of satellites to detect, track, and potentially intercept incoming missiles, and is expected to cost up to US$831 billion ($1,290 billion) over two decades.
What This Means for You
- The US government is investing heavily in missile defense systems, which could potentially protect the country from missile attacks.
- The implementation and success of the Golden Dome system could have far-reaching implications for global security and geopolitical dynamics.
- Businesses and investors dealing with defense technology should stay informed on the progress and challenges faced by the Golden Dome system.
- The increasing focus on space-based surveillance and interception technologies could open up new opportunities for innovation and investment in the defense industry.
- As tensions rise between global powers, understanding the implications of missile defense systems like the Golden Dome remains critical for anticipating global market and political trends.
Original Post
The controversial program faces both political scrutiny and funding uncertainty.
What is the Golden Dome, and how will it work
“Ronald Reagan wanted it many years ago, but they didn’t have the technology,” Trump noted, referring to the space-based missile defense system, also referred to as “Star Wars”, proposed by Reagan.
When will the Golden Dome be completed?
Tom Karako of the Center for Strategic and International Studies, said: “The new datapoint is the [US]$175 billion [$271 billion] – but the question remains, over what period of time. It’s probably 10 years.”
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