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Subject

US missile defence.

Significance

By the end of September, the administration and Congress hope to have agreed federal spending for the 2020 fiscal year. The administration wants to increase military spending, part of President Donald Trump's push to rebuild and update the US military, something also central to his 2020 'Keep America Great' policy for re-election. Within this push is the administration's effort further to develop an effective ballistic missile defence system.

Impacts

US firms working around missile defence technology and development could benefit.

Making missile defence more effective will need space-based sensors for earlier launch detection, and effective missiles.

Democrats will demand higher social spending as the price for higher military spending.

The more successful US missile defence, the more US 'rivals' will push to develop their own offensive and defensive missiles.

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