U.S. to spend $5.8 billion on expanding missile defense capabilityUpdated: 2014-07-23 12:00:07 (KST)
The United States plans to spend nearly six billion dollars over the next five years on expanding its missile defense capabilities.
In a report released Tuesday, the U.S. Congressional Budget Office said the five-year allocation of 5.8 billion dollars includes the costs for research, development and maintenance of the Missile Defense Agency's Ground-Based Midcourse Defense program.
The program is designed to fend off ballistic missile threats from North Korea and Iran.
The report was put together at the request of Senator Jeff Sessions.
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