Exclusive: Proposed German missile defense system cost far above estimates - sources
A proposal by European missiles maker MBDA to develop and build a new air defense system for Germany came in billions of euros higher than the previous estimate of 4 billion euros ($4.5 billion), according to multiple sources familiar with the proposal.
The German Defence Ministry declined to comment on the report, saying it was still evaluating the proposal submitted late last month by MBDA, jointly owned by Airbus Group (AIR.PA), Britain's BAE Systems Plc (BAES.L) and Italy's Leonardo Finmeccanica SpA (LDOF.MI).
The company also declined to comment.
Germany last year chose the Medium... read more
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