Share on StockTwits

The U.S. Defense Department said that the U.S. missile defense system managed by Boeing Co on Sunday hit a simulated enemy missile over the Pacific in the first successful intercept test of the program since 2008. Sunday’s high-stakes test came after the system had failed to hit a dummy missile in five of eight previous tests since the Bush administration rushed to deploy the system in 2004 to counter growing threats by North Korea. The Pentagon is currently restructuring its $3.48 billion contract with Boeing for management of the missile defense system to put more emphasis on maintenance and reliability.



“U.S. Missile Defense System Hits Target In Key Test” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.