Pres. Obama to abandon missile-defense shield
Barack Obama has abandoned the US's controversial plan to build a missile-defense system in Europe in one of the sharpest breaks yet with the policies of the Bush administration, according to reports from Washington today.
The defense industry will not be pleased with this decision. The corporate powerful at Lockheed Martin, Northrop Grumman, and Raytheon all thought they had a deal with the Bush Administration. The flow of money through the lobbyists in Washington is about to change.