US seeks to develop interceptor that costs less than $250,000 — newspaper

russian news agencyRUSearchSectionsCloseEconomySportsCulture CloseRussian Politics & DiplomacyRussian Politics & DiplomacyInto section →FOREIGN POLICYDOMESTIC POLICYWorldWorldInto section →Business & EconomyBusiness & EconomyInto section →Oil & gas industryInternet & TelecomTrade & CooperationTransportMilitary & DefenseMilitary & DefenseInto section →Science & SpaceScience & SpaceInto section →Emergencies Emergencies Into section →Society & CultureSociety & CultureInto section →Press ReviewPress ReviewInto section →SportsSportsInto section →Special projectsTASSAgencyTASS todayHistoryManagementContactsProjects & ServicesTASS-PHOTONEWS TERMINALPersonal data processing policy TASSPress ReleasesPrivacy Policy​ tass.comTerms of useANTI-CorruptionSubscribeSocial MediaTelegramSubscriptionsRSSAdvertisingContacts{{dayPoint.date | date : 'd MMMM yyyy'}}{{newsPoint.date * 1000 | date : 'HH:mm'}} {{newsPoint.mark}}{{newsPoint.title}}{{newsPoint.title+ ' '}}{{newsPoint.subtitle}}All newsUS seeks to develop interceptor that costs less than $250,000 — newspaper According to The Wall Street Journal, the army wants to launch the project in the coming weeksNEW YORK, May 7. /TASS/. The US seeks to develop a new interceptor that costs less than $250,000, The Wall Street Journal reported, citing Army Secretary Dan Driscoll. "We want to see if we can bring, from scratch, an interceptor that we can own the IP for then go find contract manufacturing," Driscoll said. A Patriot Pac-3 interceptor costs about $4.4 million, the newspaper pointed out. The US Army plans to formally kick off the project in the coming weeks and wants to do a demonstration of the technology within a year, Driscoll added. According to The Wall Street Journal, the US burned through between 1,500 and 2,000 Patriot, THAAD and Standard Missile interceptors in its military operation against Iran.