Native World News

CBO estimates Trump's Golden Dome missile defense system could cost $1.2T over 20 years

CBO estimates Trump's Golden Dome missile defense system could cost $1.2T over 20 years

Fuse founder and CEO JC Btaiche discusses President Donald Trump's Golden Dome missile defense initiative and its impact on U.S. security on Mornings with Maria.

The Trump administration's plan for a"Golden Dome" national missile defensesystem could cost more than $1 trillion to develop. operate over the next two decades, according to an estimate by the nonpartisan Congressional Budget Office (CBO).

The CBO on Tuesday published a report that estimated that developing, deploying. operating a Golden Dome missile defense in line with what PresidentDonald Trumpoutlined in his executive order would cost about $1.2 trillion over 20 years.

According to the order, the Golden Dome would be designed to defend against ballistic, hypersonic. cruise missiles, as well as other aerial threats.

HOW MUCH WILL TRUMP'S 'GOLDEN DOME' MISSILE DEFENSE SYSTEM COST?

It would cover the entire U.S., including Alaska. Hawaii, with the capacity to engage a regional adversary or a small-scale attack by a peer, though it could be overwhelmed by a full-scale attack by a peer or near-peer adversary, CBO said.

In the report, the CBO considered a national missile defense system with four layers of interceptors, including a space-based layer; two wide-area surface layers, including an upper layer. a lower layer; and a surface-based regional sector layer.

The Golden Dome would build off capabilities like the Aegis Ashore Missile Defense System.(Ashley Whitney/DVIDS)

It would also include additional sensors, communication systems. battle management systems to coordinate the collective action between the system's layers.

The most expensive portion of the Golden Dome system would be thespace-based interceptorlayer, which the CBO said would account for about 70% of acquisition costs. 60% of total costs.

Acquisition costsfor the Golden Dome system as a whole would total a little over $1 trillion over the 20-year period, while average operation. support costs would average more than $8 billion per year.

US NATIONAL DEBT SURPASSES SIZE OF THE ECONOMY FOR FIRST TIME SINCE WORLD WAR II

The THAAD missile defense system is a mobile system deployed around the world. has some of the capabilities sought in the Golden Dome system.(Lockheed Martin)

The CBO's estimate notes that there are substantial uncertainties about how quickly components of anational missile defensesystem could be deployed.

CBO's operation. support costs are based on a 20-year period starting in 2028 for surface-based systems and in 2030 for space-based systems. It noted that operation and support costs are likely to be slightly higher if deployments occur later.

US NATIONAL DEBT BREACHES $39 TRILLION MILESTONE FOR FIRST TIME AMID SPENDING SURGE

CBO said there was substantial uncertainty about the timeline to acquire Golden Dome equipment.(Lockheed Martin)

CBO noted. the director of theOffice of Golden Dome for Americain recent public statements estimated the cost of the program's objective architecture would cost $185 billion to deploy over the next decade.

TheWhite House's2027 budget request documents call for the Golden Dome for America Fund to receive an average of $15 billion per year for the next five years.

As a result. CBO noted the difference "raises the possibility that either GDA's objective architecture is more limited than CBO's notional NMD system or DoD expects funding from other accounts to contribute to GDA (or both)."

GET FOX BUSINESS ON THE GO BY CLICKING HERE

CBO added that because of the "limited information available about the Administration's planned NMD architecture, a direct comparison of DOD's. CBO's NMD systems and their costs is difficult," as many aspects of the plan could ultimately differ from those of its analysis or the objectives of the executive order.

Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech. money news that matters to you.

We've added you to our mailing list.

By clicking subscribe, you agree to the Fox NewsPrivacy PolicyandTerms of Use,. agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.

Source: https://www.foxbusiness.com/politics/cbo-estimates-trumps-golden-dome-missile-defense-system-could-cost-1-2-trillion-over-20-years

Discussion

Sign in to join the thread, react, and share images.