China has successfully carried out another test of an anti-missile intercept system, the defence ministry said on Tuesday, describing it as defensive and not aimed at any country. It recently had a successful test that may have calmed the fears of some in the U.S. amid nuclear tensions with North Korea, but a recent paper on the test shows it was unrealistically generous.
The tense stand off has pressed China and the US to develop their defensive systems.
In 2013 a Terminal High Altitude Area Defense (THAAD) system was installed on the island to defend it from ballistic missiles.
For the U.S. taxpayer, who has contributed billions to the cause of missile defenses while enriching the world's biggest defense contractors, a fair question might be: Where is the capability? Download The for your device.in English and other languages.
It's not yet clear what went wrong during the latest test. There are reports, however, that this time the missile simply failed to hit its target.
Beijing has also rapidly expanded its military presence on man-made islands in the South China Sea, which it claims in its entirety, despite countering claims from other nations. According to the state media, the country has been doing these anti-missile system tests since 2010 as part of its national defense and security program. The Japan Ministry of Defense has partnered with the U.S. on the development of the SM-3 missile. The contract runs through January 2023.
"This is being worked at the highest levels of the military".
Shares of Raytheon are up 44.9% over the past year, in large part because of the company's sensor and missile expertise and the important role the company will play in defending against future threats. But long-term holders of the stock should feel just as comfortable with the investment today as they did before the failure.
They declared: "Right now, there's really no meat on the bones".
Bordallo's concern resonates alongside of the consistently discussed threat that North Korean short and intermediate range ballistic missiles pose to the region; it is often cited as a reason to hesitate about striking North Korea given the knowledge that the North would be expected to immediately fire its arsenal of missiles toward South Korea and Guam. The Motley Fool has a disclosure policy.
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