logo
Donald Trump's Golden Dome Still Shrouded In Mystery, Even For Its Builders

Donald Trump's Golden Dome Still Shrouded In Mystery, Even For Its Builders

NDTV4 days ago
The companies expected to create President Donald Trump's " Golden Dome for America" know the objective: to protect the US from missiles and airborne threats. They know it means billions of dollars' worth of contracts. But they don't know much about what, exactly, they are expected to do - and at an event last week, the government officials who might tell them weren't even allowed to mention the project by name.
Attendees at the 28th annual Space and Missile Defense Symposium in Huntsville, Alabama, saw signs early on that the topic on everyone's minds might be tricky to discuss. Before the event even began, the industry groups hosting it removed a Golden Dome-focused panel. "Information regarding Golden Dome for America will be promulgated by the government," they said.
Major defense contractors, including Lockheed Martin Corp., RTX Corp. and Northrop Grumman, prepared slick websites and flashy sideshows for the conference to demonstrate how their work fits with the president's vision for an air and missile defense network protecting the entire US.
Their executives were all singing the same tune: The project is so ambitious and potentially lucrative that there's a role for everyone, and plenty of opportunity for collaboration, including between startups and nontraditional defense companies.
Just don't ask the government for details.
"In the last six months I've walked into many, many rooms and said, 'I can't take any questions on you-know-what,' and I've never received a question other than something about you-know-what," Air Force Lieutenant General Heath Collins, director of the Missile Defense Agency, said to laughter after delivering closing remarks at the event.
Golden Dome will include existing systems, accelerated development of advanced technology, and ultimately new components such as space-based interceptors, according to Trump, who announced his plan for the program in one of his first executive orders after returning to the presidency.
He also has said the project will be fully operational before the end of his term and will cost $175 billion. The Congressional Budget Office has estimated that the price tag for a network of space-based interceptors could be as high as $542 billion over 20 years.
Space Force General Michael Guetlein, who is leading the project, is expected to unveil its architecture by mid-September.
At the conference, industry representatives showcased their hardware, including RTX's Patriot missile defense system, which uses Lockheed Martin's PAC-3 MSE interceptor, and Northrop Grumman's Integrated Battle Command System, as they sought insight from the government on how the pieces will fit together.
Companies also pointed to the work they or their corporate predecessors had done on President Ronald Reagan's space-based Strategic Defense Initiative - the so-called "Star Wars" missile defense program that fizzled in the 1980s - saying they were up for the challenge of making it work 40 years later.
Riki Ellison, founder and chairman of the Missile Defense Advocacy Alliance, said on the sidelines of the symposium that not being able to speak openly about an "executive order that is out in the public, that we're going to build this in three years for $175 billion - it just delays this process and puts more pressure to get this thing in play."
None of the industry or academic sources interviewed for this article knew why there were such restrictions. In a statement, the Pentagon declined to disclose further information because of operational concerns, saying only that the Defense Department is gathering information to support Golden Dome.
The Pentagon has declined so far to detail which organization compiled the $175 billion estimate, how many years it covered, an annual breakdown of the costs and categories on which the money would be spent.
"It would be imprudent for us to release further information at this time," Pentagon spokesperson Kingsley Wilson told reporters last week.
Space Force General Guetlein "just got in the building," said Wilson, who pledged to be "transparent where we can be" about a "very expensive" but "very critical" program.
Not all of the government speakers at the event avoided the forbidden words. A NASA representative - notably not bound by the Pentagon's strictures - spoke about the work his agency is doing that could support Golden Dome, including advanced propulsion technologies and materials science.
Industry representatives say they hope to learn more soon.
The restriction on what can be discussed "seems to have been partially lifted and probably will be more lifted as we keep going through this," said Milton Carroll of Peraton, which aims to help Golden Dome systems communicate seamlessly.
MDA's Collins also sounded an optimistic note, telling the defense officials, contractors and academics at the event that the program's launch presented a unique opportunity.
"It's a fleeting moment," he said. "As history has shown, this doesn't last forever, and we need to make a monster change now."
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SoftBank to invest in Intel; Google announces nuclear reactor site; Foxconn bets big on the AI boom
SoftBank to invest in Intel; Google announces nuclear reactor site; Foxconn bets big on the AI boom

The Hindu

time13 minutes ago

  • The Hindu

SoftBank to invest in Intel; Google announces nuclear reactor site; Foxconn bets big on the AI boom

SoftBank to invest in Intel The Japanese SoftBank Group announced it will invest $2 billion in Intel, with the update coming as its founder Masayoshi Son tries to align himself with U.S. President Donald Trump. Separately, media reports indicated that the U.S. government could be considering taking a 10% stake in Intel, which has struggled to retain its competitive edge in the Generative AI era. The American chipmaker has fallen far behind rival Nvidia, and continues to face operational challenges in spite of CEO Lip-Bu Tan taking over the company earlier this year. SoftBank is set to pay $23 per share of Intel common stock. Though Trump recently called on Tan to resign, citing conflicts of interest, he appeared to change his opinion after meeting the Intel CEO in person. SoftBank is also set to play a major role in the $500-billion Stargate project to develop AI infrastructure in the U.S. with Oracle and OpenAI. Google announces nuclear reactor site Google and Kairos Power have chosen the U.S. state of Tennessee in order to establish a nuclear power plant that is slated to supply electricity to Google data centres in the U.S. southeast region from 2030. The deal is intended to support 500 megawatts of advanced nuclear capacity, or about enough power for 350,000 homes. The venture is significant as it is a landmark power purchase agreement for 'generation IV nuclear power,' which is touted as being safer and more sustainable. The reactor in Tennessee is the first to be deployed under Google's corporate agreement as the company looks to buy nuclear energy from small modular reactors. U.S. Energy Secretary Chris Wright said that the Department of Energy had assisted Kairos Power with the project, and hailed 'the next American nuclear renaissance.' Foxconn bets big on the AI boom Foxconn was for several years known as the Taiwanese electronics giant that made its name through the assembly of millions of Apple iPhones, but it is now shifting to Generative AI. For the first time in the second quarter, the company's revenue from making AI servers and related products was more than that of smart consumer products like Apple's iPhone. Foxconn's earlier reliance on iPhone manufacturing was seen as a risk, and especially in light of geopolitical trade challenges and slowing demand growth for the premium smartphones. However, Foxconn Chairman Young Liu since 2019 has encouraged the company to focus on AI servers, electric vehicles, and semiconductors to diversify its approach. Foxconn next became successful in the AI server manufacturing business and is Nvidia's biggest server maker.

Trump tariffs get seal of approval as S&P affirms AA+ credit rating
Trump tariffs get seal of approval as S&P affirms AA+ credit rating

Business Standard

time13 minutes ago

  • Business Standard

Trump tariffs get seal of approval as S&P affirms AA+ credit rating

The decision offers a glimmer of good news for Trump, who has pushed back against arguments that his historic program of tariffs will damage the US economy Bloomberg President Donald Trump's sweeping tariffs have roiled markets, unnerved trade partners and provoked criticism from leading economists. But there is an upside: The levies will help the US maintain its fiscal health, according to S&P Global Ratings. The credit rating company has affirmed its AA+ long-term rating for the US, in part because it thinks tariff revenues will reduce the fiscal hit of a recent tax and spending bill. It kept the outlook for the long-term rating stable. The decision offers a glimmer of good news for Trump, who has pushed back against arguments that his historic program of tariffs will damage the US economy. Although the S&P analysts didn't contradict that view, they stressed that as Trump embarks on a bold program of tax cuts and spending, tariffs will help soften the blow. 'Amid the rise in effective tariff rates, we expect meaningful tariff revenue to generally offset weaker fiscal outcomes that might otherwise be associated with the recent fiscal legislation, which contains both cuts and increases in tax and spending,' wrote analysts including Lisa Schineller in a note. S&P's views matter for investors in the world's biggest bond market, which has been plagued by persistent questions over the fiscal deficit and debt sustainability. Yields on 30-year Treasuries jumped above 5 per cent in May as tariff fears and Trump's multi-trillion dollar tax bill roiled global markets. Buy America Whether tariffs will give the US a meaningful revenue boost is a subject of debate among economists, who point to an apparent contradiction at the heart of Trump's approach: Tariff revenues rely on trade, but Trump has also attempted to pull production back to the US and encourage consumers to buy American-made products — moves that would undercut future levy receipts. So far, the numbers are strong. Tariff revenue reached a fresh monthly record in July, with customs duties climbing to $28 billion. Treasury Secretary Scott Bessent said tariff revenues for all of 2025 could be 'well in excess of 1 per cent of GDP,' revising his previous estimate of $300 billion. But the bipartisan Congressional Budget Office estimates the recently passed budget bill will add $3.4 trillion to the deficit over the next 10 years. US 30-year yields were close to flat around 4.94 per cent in Asia trading Tuesday, while those on benchmark 10-year yields edged higher to 4.34 per cent. That pointed to a muted short-term impact from the S&P report, even if it adds an important voice as traders weigh up the impact of tariffs over the coming months. 'These are still small nuances close to the top of the credit ratings hierarchy and it doesn't signal any material change in the US fiscal health, which is a complex issue,' said Homin Lee, senior macro strategist at Lombard Odier Ltd. in Singapore. What Bloomberg Strategists Say... 'The pressures on the Fed to again consider defying rates markets and hold next month just received a (rather modest) boost as S&P Global Ratings delivered a solid report card for the US's economy and outlook.' Garfield Reynolds, MLIV Team Leader The US lost its last top rating from the big three credit companies in May, when Moody's Ratings lowered the country from Aaa to Aa1. It blamed successive administrations and Congress for swelling budget deficits that it said show little sign of abating. Fitch Ratings and S&P had previously downgraded the US from AAA. S&P said the stable outlook indicates its expectation that while the fiscal deficit won't meaningfully improve, it also won't persistently deteriorate over the next several years. The agency expects net general government debt to surpass 100 per cent of GDP over the next three years, but it thinks the general government deficit will average 6 per cent from 2025 to 2028, down from 7.5 per cent last year. The rating affirmation could be a positive for the dollar after Trump's tax and spending bill cast doubts on the sustainability of US debt, said Fiona Lim, a senior currency strategist at Malayan Banking Bhd. Still, the more lasting driver for the greenback will come from Federal Reserve minutes, as well as Fed Chair Jerome Powell's speech in Jackson Hole on Friday, she said.

German Chancellor Says Putin, Zelensky To Meet Within Next 2 Weeks  Russia Ukraine  News18
German Chancellor Says Putin, Zelensky To Meet Within Next 2 Weeks  Russia Ukraine  News18

News18

time22 minutes ago

  • News18

German Chancellor Says Putin, Zelensky To Meet Within Next 2 Weeks Russia Ukraine News18

German Chancellor Friedrich Merz credited U.S. President Donald Trump with persuading Russia's President to agree to a meeting with his Ukrainian meeting, to which Vladimir Putin agreed during a phone call with Trump, would take place at a yet-to-be-determined location, the German chancellor said. "We don't know whether the Russian president will have the courage to attend such a summit. Therefore, persuasion is needed," said Merz, who was part of a delegation of European leaders who travelled to Washington on Monday to lend support to Ukrainian President Volodymyr Zelenskiy. News18 Mobile App -

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store